Question
Mary Ehrat, an employee of Eddington Company, has gross earnings for the month of October of $4,000. FICA taxes are 7.65% of gross earnings, federal
Mary Ehrat, an employee of Eddington Company, has gross earnings for the month of October of $4,000. FICA taxes are 7.65% of gross earnings, federal income taxes amount to $1,270 for the month, state income taxes are 4% of gross earnings, and Mary authorizes voluntary deductions of $20 per month to the United Fund. What is the net pay for Mary Ehrat?
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
