Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this month...
Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this month totaled $112,000. Berkley's rate for federal income tax is 20%. His voluntary deductions total $950. What is Berkley's net pay? (Assume an OASDI rate of 6.2%, applicable on the first $117,000 earnings, and a Medicare rate of 1.45%, applicable on all earnings.)
|
$6,553.92 |
||
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$6050.00 |
||
|
$7,000.00 |
||
|
$5,613.12 |
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