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Using the fact that Social Security is 6.2% and Medicare is 1.45% of gross pay, explain why the given net pay is not correct. Determine how the error can be corrected, and what the net pay should be.

Respuesta :

Answer:

641.86$ which is actual net pay.

Step-by-step explanation:

Bonnie claims with two federal allowances.

Contributes state tax of 20% of her federal tax is 10$.

Weekly statement of earnings is 760.00$

$50.00 $110.20 10$ 47.12$ 542.68$

Social security is = $760.00 x 6.2%=$47.12

The amount of Medicare (1.45%) is incorrect. It should be 760.00$ x 1.45%= 11.02$

$110.20 is incorrect.

So, $110.20 - $11.02 = $99.18

$542.68+ $99.18 = 641.86$ which is actual net pay.

bdavis0618

Answer:

$641.89 wich is the actual net pay

Step-by-step explanation:

I took the test

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