Ricky T. Bridges' earnings are subject to deductions for Social Security, Medicare and FIT. To date his cumulative earnings are $105,000. This week he earns $2,200. Ricky, who is married, is paid weekly and claims 3 exemptions. Assume Social Security rate is 6.2% on $106,800 and 1.45% for Medicare. His net pay for the week is?

Question

anonymous · Answer

What is meant by 3 exemptions?

anonymous · Answer

i honestly have no clue. that why im a bit confused

anonymous · Answer

It means he doesn't have to pay something. Is that referring to medicare, social security and fit?

anonymous · Answer

well this is for business math so idk:/

anonymous · Answer

i think you should take out the percentage of social security and medicare

anonymous · Answer

Assuming those 3 exemptions were for medicare, social security and fit. He earned 2200 that week, so his net earning would be 2200, would it not?

anonymous · Answer

$1,718.30
 $1,774.99
 $1922.89
 $1,743.09

these are the possible answers

dumbcow · Answer

well all you need to know is what percentage they take out for FIT (income tax)

dumbcow · Answer

is their a table you are supposed to look at...typically you opt for a percentage when you fill out a W4 with employer

anonymous · Answer

no theres nothing except that question

anonymous · Answer

im just gonna close this question >.<

anonymous · Answer

seriously honey i dont have any idea how to solve this one i m feeling really sorry that i didnt solved it ..... i tried but i cant do it...