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Calculate the net pay using the following information: Gross pay = $700 FICA tax = $55.90 Federal taxes = $85 State taxes = $20.44 Local taxes = $0 Health insurance =$47.50 Net pay = ?
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Calculate the net pay using the following information:

Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?

User Leo Jiang
by
3.9k points

1 Answer

3 votes

Answer:

$ 491.1

Step-by-step explanation:

Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay

Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59

Total deductions = 208.84

Net pay = Total sales - taxes

=$700 - $208.84

=$ 491.36

User Alganet
by
4.0k points
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