Question

Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items withheld: Social Security tax that is 6.2% of her gross pay Medicare tax that is 1.45% of her gross pay State tax that is 22% of her federal tax a. $691.52 b. $666.21 c. $636.98 d. $623.52

Answer 1

D. d. $623.52

Step-by-step explanation:

The one above me is correct, and has a good explanation

you're welcome!

Answer 2

gross =768
fed = 68
ss = 6.2/100 times 765
med = 1.45/100 times 765
state = 22/100 times 68
gross - ( sum of all deductions) = net pay
Subtract 6.2% of $765 = 0.062 * $765 = 48.67
Subtract 1.45% of $765 = 0.0145 * $765 = 11,0925
Subtract 22% of $68 = 0.222 * $65 = 14.43
Social security tax = 765 * 6.2% = 47.43
Medicare tax = 765 * 1.45% = 11.09
State tax (22% of federal tax) = 68 * 22% = 14.96

765 - 68 - 47.43 - 11.09 - 14.96 = 623.52

net pay is 623.52