quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%…

quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. quintinas gross pay per month is $2,100. her deductions before the change are listed in the table. deduction dollar amount federal income tax $294 state income tax $89 social security $85 medicare $35 what is her new monthly net pay? round your answer to the nearest dollar. $1555 $1591 $1595 $1639

quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. quintinas gross pay per month is $2,100. her deductions before the change are listed in the table. deduction dollar amount federal income tax $294 state income tax $89 social security $85 medicare $35 what is her new monthly net pay? round your answer to the nearest dollar. $1555 $1591 $1595 $1639

Answer

Answer:

$1591$

Explanation:

Step1: Calculate new federal income - tax amount

New federal income - tax rate is $16%$ of $2100$. So, $0.16\times2100 = 336$.

Step2: Calculate total deductions

Total deductions = New federal income - tax+State income - tax+Social Security+Medicare. So, $336 + 89+85 + 35=545$.

Step3: Calculate new net pay

Net pay = Gross pay - Total deductions. So, $2100−545 = 1555$.