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.\n\n| deduction | dollar amount |\n|--|--| \n| federal income tax | $294 |\n| state income tax | $89 |\n| social security | $85 |\n| medicare | $35 |\n\nwhat is her new monthly net pay? round your answer to the nearest dollar.\n\n$1555\n$1591\n$1595\n$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.\n\n| deduction | dollar amount |\n|--|--| \n| federal income tax | $294 |\n| state income tax | $89 |\n| social security | $85 |\n| medicare | $35 |\n\nwhat is her new monthly net pay? round your answer to the nearest dollar.\n\n$1555\n$1591\n$1595\n$1639

Answer

Explanation:

Step1: Calculate new federal income tax

The gross - pay is $2100$. The new federal income tax rate is 16%. So the new federal income tax is $2100\times0.16=$336$.

Step2: Calculate total deductions before change

The total deductions before the change are $294 + 89+85 + 35=$503$.

Step3: Calculate change in federal income tax

The change in federal income tax is $336−294 = 42$.

Step4: Calculate new total deductions

The new total deductions are $503+42=$545$.

Step5: Calculate new net pay

The new net pay is $2100 - 545=$1555$.

Answer:

$1555$