Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items withheld: Social Security tax that is 6.2% of her gross pay Medicare tax that is 1.45% of her gross pay State tax that is 22% of her federal tax a. $691.52 b. $666.21 c. $636.98 d. $623.52

Question

anonymous · Answer

screw the government and their tax law!

triciaal · Answer

gross =768
fed = 68
ss = 6.2/100 times 765
med = 1.45/100 times 765
state = 22/100 times 68
gross - ( sum of all deductions) = net pay

mathstudent55 · Answer

Start with                                                       $765
Subtract                                                          $68
Subtract 6.2% of $765 = 0.062 * $765 =                 <--- fill this in
Subtract 1.45% of $765 = 0.0145 * $765 =             <--- fill this in
Subtract 22% of $68 = 0.222 * $65 =                      <--- fill this in
--------------------------------------------
Net pay                                                                   <--- subtract all those
                                                                                       amounts from $765
                                                                                       and write the result here