You have graduated with your Associates degree and have accepted a part-time job as a Collections Specialist. The position you accepted pays you $13.50 per hour and requires you to work 35 hours per week, Monday-Friday. You are paid weekly and are required to pay Federal Income Tax $50.00,, State Income Tax of 5% = 23.63, Social Security 6.2% = 29.30 and Medicare Tax 1.45% -6.85. Complete the paycheck template below to determine the net pay amount on your paycheck. Using the amounts above calculate your paycheck: Gross pay= A Net Pay= A

You have graduated with your Associates degree and have accepted a part-time job as a Collections Specialist. The position you accepted pays you $13.50 per hour and requires you to work 35 hours per week, Monday-Friday. You are paid weekly and are required to pay Federal Income Tax $50.00,, State Income Tax of 5%=23.63, Social Security 6.2%=29.30 and Medicare Tax 1.45%=6.85. Complete the paycheck template below to determine the net pay amount on your paycheck. Using the amounts above calculate your paycheck: Gross pay= A Net Pay=