Question

Amandas' gross pay per pay period is $1,015.27. She has the following deductions: Social Security tax of 5.2%, Medicare tax is 1.35%, the federal withholding tax is $190.11 and 401K pan deduction is $75. What is the total tax amount she will need to pay for this period? What is her net pay?

Answer 1

Tax = $1,015.27(.052) + $1,015.27(.0135) + $190.11 + $75 = $331.61

Net pay = $1,015.27 - $331.61 = $683.66