Lonnie Flanagan's weekly gross pay is $1,250. Each week she has $64.37 in deductions, plus state...
Lonnie Flanagan's weekly gross pay is $1,250. Each week she has $64.37 in deductions, plus state tax of three percent of her gross pay, and Social Security and Medicare taxes of 8.65 percent of her income. What is her net pay?
|
a |
1,435.00 |
|
b |
$1,065.00 |
|
c |
$1,040.00 |
|
d |
$1,058.79 |
Homework Answers
| C. $1,040.00 | |
| Gross Pay | $1,250 |
| Less: | |
| Deduction | $64.37 |
| State tax ($1,250 x 3%) | $37.50 |
| Social Security and Medicare taxes ($1,250 x 8.65%) | $108.13 |
| $1,040.00 | |
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