Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Metro Media Company has only one employee, Calvin Cooke. Calvin makes $36,000 per year and is paid once a month. For the month of September,
Metro Media Company has only one employee, Calvin Cooke. Calvin makes $36,000 per year and is paid once a month. For the month of September, his federal income taxes withheld are $230, state income taxes withheld are $42, social security tax is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 0.8%. What is Calvin's net pay for the month of September?
Multiple Choice
-
$3,000.00
-
$2,770.50
-
$2,498.50
-
$2,728.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started