Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax...
Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax rate is 2.8 percent and her local tax rate is 1.25 percent, both on gross earnings. Her medical insurance plan costs $7,780.00 per year, of which the company pays 80 percent. Medicare (1.45%) and Social Security (6.2%) are also deducted from her paycheck. What is her net pay?
|
a |
$236.20 |
|
b |
$367.73 |
|
c |
$263.02 |
|
d |
$104.98 |
Homework Answers
| Calculations of net Pay | |
| Particulars | amount |
| Gross pau per annum (368*52) | 19136 |
| Less : local tax (19136*1.25%) | 239.2 |
| State tax (19136 *2.8%) | 535.81 |
| Medical insurance (7780*20%) | 1556 |
| Medicare (19136*1.45%) | 277.47 |
| Social security (19136*6.2%) | 1186.43 |
| Net pay | 15341.1 |
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Barbara Brach earns $368.00 per week. She is married and claims
2 allowances. Her state tax...
Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax...
Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax rate is 2.8 percent and her local tax rate is 1.25 percent, both on gross earnings. Her medical insurance plan costs $7,780.00 per year, of which the company pays 80 percent. Medicare (1.45%) and Social Security (6.2%) are also deducted from her paycheck. What is her net pay?
Lisa earns $47,840 per year. She is married and claims three allowances. Assume that her employer...
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