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Oliga [24]
2 years ago
10

Chuck has a gross pay of $815.70. By how much will Chuck's gross pay be reduced if he has the following items withheld

Geography
2 answers:
Setler79 [48]2 years ago
7 0

Answer:

129.04

Explanation: I just took the test on edge2020

liraira [26]2 years ago
5 0

Answer:

b. $129.04

Explanation:

Gross pay refers to salary before taxation. We were given Chuck's salary before tax to be $815.70

Gross pay = $815.70

<u>The following items were withheld:</u>

Federal tax = $56,

Social security tax = 6.2% of gross pay = 0.062 * 815.70 = $50.57

Medicare tax = 1.45% of gross pay = 0.0145 * 815.70 = $11.83

State tax = 19% of Federal tax = 0.19 * 56 = $10.64

To calculate how much of Chuck's salary will be withheld, we have the summation of all the items withheld

Total reduction = $ (56 + 50.57 + 11.83 + 10.64)

Total reduction = $<u>129.04</u>

<u>Hence, </u><u>$129.04</u><u> will be reduced from Chuck's gross pay</u>

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