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Using the chart below, answer the following questions. Amount/Gross Earnings Dependents Deductions 0 1 2 3+ Federal tax single 9% 8.5% 8.0% 7.5% Federal tax
Using the chart below, answer the following questions.
Amount/Gross Earnings
Dependents
Deductions 0 1 2 3+
Federal tax single 9% 8.5% 8.0% 7.5%
Federal tax married 11% 10.5% 9.5% 9.0%
State tax single 6% 5.5% 5% 4.5%
State tax married 8% 7.5% 7% 6.5%
Medicare tax 2%
Workers compensation 0.6325%
Insurance benefits single $45.50
Insurance benefits family $95.78
Use the above chart and the following information to determine the net pay.
Wage: $24.75/hour
Hours worked: 80 per 2-week pay period
Deductions: married, two dependents, family insurance
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