Question

Bob is working for a bank. he earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into fica (social security tax. what is bob’s net pay on his paycheck?

Answer 1

Bob gets paid 8*40= $320 a week - $63.08 = $256.92 - $33.21 = $223.71 - $42.05 = $181.66. Therefore Bob's net pay on his paycheck is $181.66.