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Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending December 18 were $1,880.77,...

Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending December 18 were $1,880.77, and his federal income tax withholding was $376.15. Assuming the social security rate is 6% and Medicare is 1.5%, what is Friedman's net pay? Note: If required, round interim calculations to two decimal places and use in future computations.

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Answer :

Gross pay 1880.77
Deductions:
Federal income tax 376.15
Social security 112.84
Medicare tax 28.21 517.20
Net pay 1363.57
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