QUESTION IMAGE
Question
- fill in the blanks. 1 point
| hours worked | 26 |
|---|---|
| federal income tax | $17.00 |
| state income tax | $4.19 |
| social security | 6.2% |
| medicare | 1.45% |
| net pay | ???? |
a. the amount taken out for fica is $ type your answer....
b. this persons net pay is $ type your answer....
Step1: Calculate FICA tax total rate
FICA includes Social Security (6.2%) and Medicare (1.45%).
$6.2\% + 1.45\% = 7.65\%$
Step2: Compute FICA deduction
Multiply gross pay by FICA rate.
$\$279.50 \times 0.0765 = \$21.38175 \approx \$21.38$
Step3: Sum all payroll deductions
Add Federal, State, and FICA taxes.
$\$17.00 + \$4.19 + \$21.38 = \$42.57$
Step4: Calculate net pay
Subtract total deductions from gross pay.
$\$279.50 - \$42.57 = \$236.93$
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A. $\$21.38$
B. $\$236.93$