Based on the pay stub above, what are the employee’s net earnings?
Earnings Statement
Employee #: 12345
Income Earnings:
Rate $10
Hours 40
Taxes Withheld:
Social Security $25
Medicare $5
Federal Income Tax $40
State Income Tax $20
Employer Taxes Withheld:
Unemployment Ins. $10
Social Security $25
Medicare $5
Based on the pay stub above, what are the employee’s net earnings?
A. $270
B. $310
C. $340
D. $360
E. $400
Homework Answers
Gross Earning = 40 * $10 = $400
Taxes Withheld = $(25 + 5 + 40 + 20) = $90
Total Net Pay = $(400 – 90) = $310
Therefor the Answer B) $310
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> You did not figure in the Employer's witholdings, so:
310-25-10-5 = $270
Therefore, the answer would be A. $270
Jennifer Ross Mon, Mar 29, 2021 2:42 AM