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Mike kohl, an employee of spotswood company, has gross earnings for the month of october of $8,000. fica taxes are 7.65% of gross earnings, federal income taxes amount to $1,270 for the month, state income taxes are 2% of gross earnings, and mike authorizes voluntary deductions of $20 per month to the united fund. what is the net pay for mike kohl? $5,958 $5,938 $5,963 $5,950

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Gross earning = $8,000
FICA tax = 8000*0.0765 = $612
Federal income tax = $1,270
Sate income tax = 8000*0.02 = $160
Voluntary deductions = $20

Total deductions = 612+1270+160+20 = $2,062

Net pay = 8000-2062 = $5,938
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