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Ross is an employee of Bluebird Company. He earned $13,880 for the current month. Prior to the current payroll period, his year-to-date wages amounted to
Ross is an employee of Bluebird Company. He earned $13,880 for the current month. Prior to the current payroll period, his year-to-date wages amounted to $119,700. Assume that the following tax rates are currently in effect. Tax Rate Ceiling FICA: OASDI 6.2% $128,400 Medicare 1.45% No ceiling Federal Income Tax Withholding 25% Required: Compute Ross's take-home pay (net pay) for the month. Note: Round your answer to the nearest cent. Net pay (take-home pay): $0
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