Answer:
$329.40
Step-by-step explanation:
A pay stub is a document that contains the pay, salary or wages of an employee.
A pay stub contains the following information:
a) Net pay of an employee
b) Tax deductions, e.t.c
The net pay or income of an employee is calculated after subtracting all deductions from their Gross pay.
From the above question we have the following information:
Amount earned or Gross pay = $400.00
Medicare tax = $5.80,
Social Security tax = $24.80
Federal tax = $40.00
Net Income =
= $400 - $(24.80 + 5.80 + 40)
= $400 - $70.60
= $329.40
The net income for the paycheck = $329.40
