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On January 15, Robert Love earned $4,000 and has the following deductions: FICA-OASDI 6.2%, FICA-Medicare 1.45%, federal income tax of $200, and state income tax of $40. What is his net pay?
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On January 15, Robert Love earned $4,000 and has the following deductions: FICA-OASDI 6.2%, FICA-Medicare 1.45%, federal income tax of $200, and state income tax of $40. What is his net pay?

User Alexandr Sargsyan
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1 Answer

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FICA-OASDI deduction = 6.2% of $4,000 = 0.062 x $4,000 = $248
FICA-Medicare deduction = 1.45% of $4,000 = 0.0145 x $4,000 = $58

Total deductions = $248 + $58 + $200 + $40 = $546

Net pay = $4,000 - $546 = $3,454
User Lucas Famelli
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