Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items wit

Question

2 years ago

11

Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items wit

hheld:
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
State tax that is 22% of her federal tax

Mathematics

1 answer:

HACTEHA [7] · Answer 1 · 2022-03-25T20:04:02+03:00

HACTEHA [7]2 years ago

3 0

Gross pay = 765
federal withholding tax = 68

Social security tax = 765 * 6.2% = 47.43
Medicare tax = 765 * 1.45% = 11.09
State tax (22% of federal tax) = 68 * 22% = 14.96

765 - 68 - 47.43 - 11.09 - 14.96 = 623.52

<span>Lauren's net pay is 623.52 so the answer is D.</span>