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kumpel [21]
2 years ago
11

A paycheck is issued for $329. 40. The paystub reflects an amount earned of $400. 00, Medicare tax of $5. 80, Social Security ta

x of $24. 80, and a federal tax of $40. 0. What is the net income for the paycheck? $400. 00 $329. 40 $40. 00 $24. 80.
Business
1 answer:
cestrela7 [59]2 years ago
6 0

Net income is the amount that will be earned after all the taxes have been subtracted from the paystub amount.

<h3>The net income for the paycheck</h3>

Given Information:

  • Paycheck=$329.40
  • Paystub=$400.00
  • Medical tax=$5.80
  • Social security tax=$24.80
  • Federal tax=$40.0

The Net income is therefore:-

Net Income=Paystub-Medical tax-Social security tax

Net Income= 400 - 5.80 - 24.80 - 40

Net Income= $329.40

In conclusion, the net income is $329.40.

Learn more about Net income, refer to the link:

brainly.com/question/20938437

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Giving the following information:

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