Use the deductions of Social Security 7.5%, Medicare 2.5%, State tax 6.8%, Federal tax 16.5%, and a fixed health insurance payment of $100 a week, and calculate the net pay for the following employees: A: 64 hours @ $9.75/hr Net pay ... B: 57 hours @ $8.25/hr Net pay ... C: 42 hours @ $9.75/hr Net pay ... D: 72 hours @ $10.50/hr Net pay ...

Matias Aguirre 2022-07-28 Answered
Use the deductions of Social Security 7.5%, Medicare 2.5%, State tax 6.8%, Federal tax 16.5%, and a fixed health insurance payment of $100 a week, and calculate the net pay for the following employees:
A: 64 hours @ $9.75/hr Net pay ...
B: 57 hours @ $8.25/hr Net pay ...
C: 42 hours @ $9.75/hr Net pay ...
D: 72 hours @ $10.50/hr Net pay ...
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Answers (1)

le1kabp
Answered 2022-07-29 Author has 11 answers
a)337.95$
b)230.048$
c)187.4105$
d)with explanation
actual = 72*10.50
=756$
after deductions of Social Security 7.5%
,=756*0.925
=699.3$
after Medicare 2.5%
=699.3*0.975
=681.81754
after State tax 6.8%
=681.81754*0.932
=635.45391$
after Federal tax 16.5%
=635.45391*0.835
=530.6040149
after fixed health insurance payment of $100 a week
=530.6040149-100
=430.6040149 $

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