Question

Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per month is $2,100. Her deductions before the change are listed in the table. Deduction Dollar Amount Federal Income Tax $294 State Income Tax $89 Social Security $85 Medicare $35 What is her new monthly net pay? Round your answer to the nearest dollar.

Answer 1

Explanation:

A=1555

Answer 2

The monthly net pay is $1555 .

Explanation:

As given

Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%.

Quintina’s gross pay per month is $2,100.

16% is written in the decimal form .

`= (16)/(100)`

= 0.16

Federal income tax = 0.16 × Gross pay

= 0.16 × 2100

= 336

Monthly net pay = Gross pay - Federal income tax - State Income Tax - Social Security - Medicare

= 2100 - 336 - 89 - 85 - 35

= 2100 - 545

= $1555

Therefore the monthly net pay is $1555 .