Raquel has gross pay of $732 and federal tax withholdings of $62. Determine Raquel’s net pay if she has the additional items withheld:


Social Security tax that is 6.2% of her gross pay


Medicare tax that is 1.45% of her gross pay


state tax that is 21% of her federal tax

Respuesta :

Federal tax = $62
Social Security = 0.062 x 732 = $45.38
Medicare = 0.0145 x 732 = $10.61
State tax = 0.21 x 62 = $13.02

Total withheld = 62 + 45.38 + 10.61 + 13.02 = $131.01

Net pay = $732 - $131.01 = $600.99