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NikAS [45]
3 years ago
9

Mr. Jones has an annual gross pay of $22,000. His state tax rate is 2% of his gross pay. He is required to pay Social Security a

t a rate of 6.2% and Medicare at a rate of 1.45%. His federal tax obligation if $67 each week for 52 weeks. What is his net pay for the year?
Question 2 options:

A. $16,393
B. $12,909
C. $5,607
D. $19,169
Mathematics
1 answer:
strojnjashka [21]3 years ago
8 0

Answer:

Option A

$16393

Step-by-step explanation:

Deductions

Percentage deductions total will be 2%+6.2%+1.45%=9.65%

Deduction due to federal tax=52*67=$3484

Total deductions will be (9.65*22000/100)+(52*67)=2123+3484=$5607

Net salary= Gross salary- Deductions

Net salary= 22000-5607=$16393

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