Question

Brad Young is married with one withholding, earns $3,600 per month. Brad's employer pays him on a semimonthly basis. He has two pre-tax deductions: qualified health insurance deductions of $100 per pay and a 5% 401(k) contribution. Brad will pay $157 in fedeal taxes. Required: What is Brad's Net pay? Round calculations to 2 decimal places and share calculations.

Employee Name	Married/Single	# of withhold	Wages	Gross	Insurance	401(k)	Federal taxable wage	FICA taxable wages	Federal WH	Social Security WH	Medicare WH	Net Pay

Answer 1

B M Employee Name Brad Young C # of withhold 1 Married / Single Married D Wages $ 3,600 E Insurance $ 100 $ Gross 1,800 G 401 (k) 90 1 H Federal taxable wage $ 1,800 K FICA taxable Federal Social Medicare wages | WH Security WH WH $ 1,800 $ 157 $ 111.60 $ 26.10 Net Pay $1,315.30 2 $

А. [ M. В Married / Single Married Employee Name Brad Young C D E F G H K # of withhold Wages Gross Insurance 401 (k) Federal taxable wage FICA taxable wages Federal WH Social Security WH Medicare WH 1 3600 =D2/2 100 =E2*5% =E2 E2 1 57 =H2*6.2% =12*1.45% 1 2 Net Pay =E2-F2-G2-J2-K2-L2

If you have any doubts ask in comments section

Do rate the answer