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OpenStudy (pfalgout1):
Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax is 6.2% of gross pay, Medicare tax is 1.45% of gross pay and state tax is 19% of federal tax, determine if Juanita's net pay is correct.
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OpenStudy (dumbcow):
G = gross pay F = federal tax \[Net = G - (.062+.0145)G - F - .19F\] which simplifies to... \[Net = .9235G - 1.19 F\]
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