Question

Your Monthly Net Pay

If your gross monthly income will be $3,750, you need
to determine the net pay for your monthly budget.
Your monthly net pay is
Monthly gross pay
$3,750
Federal withholding
$238.00
Social Security
$232.50
Medicare
$54.38
State tax
$236.00
Net pay
$?

Answer 1

Net pay will be

$2,989.12

Answer 2

Answer: 2989.12

Your net income is the difference of your gross income minus any taxes or withholding. This basically means the actual amount of money you get paid for. Contracts usually stipulate gross pay but not net pay. In this case, to calculate net income you would withdraw sll the holdings from the mostly gross pay.

3750 - 238 - 232.50 - 54.38 - 236 =2989.12