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TB MC Qu. 10-72 (Algo) Social Security Tax is... Social Security Tax is 6.2%; Medicare Tax is 1.45% and federal and state unemployment compensation taxes
TB MC Qu. 10-72 (Algo) Social Security Tax is... Social Security Tax is 6.2\%; Medicare Tax is 1.45% and federal and state unemployment compensation taxes total 5.4% (both added together). The federal income tax for the month is $260 and the state income taxes for the month is $58. If employee Xavier Edwards earned $2,600 for the current month and he has not reached any maximums for taxes, what is Xavier's total net pay for the month? Multiple Choice $2,600.00 $2,083.10 $2,244.30 $1,950.90
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