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soldi70 [24.7K]
3 years ago
11

Your gross pay on your paycheck is $400. your deductions are as follows: federal income tax - $50.00 state income tax - $20.00 s

ocial security tax - $7.00 medicare tax - $3.50 please calculate your net pay (in dollars). question 2 options:
Business
2 answers:
snow_tiger [21]3 years ago
5 0

Answer

The net pay be $319.5 .

Explanation:

As given

Your gross pay on your paycheck is $400.

Deductions are as follows:

Federal income tax - $50.00 , state income tax - $20.00, social security tax - 7.00 , medicare tax - $3.50

Total amount of deduction = Federal income tax + State income tax + Social security tax + Medicare tax

Putting the values in the above

Total amount of deduction =  $50 +  $20 + $7 + $3.50

                                            = $80.5

Net pay = Gross pay on pay check - Total amount of deduction

              = $400 - $80.5

              = $ 319.5

Therefore the net pay be $319.5 .

borishaifa [10]3 years ago
4 0
Your net pay would be $480.50
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