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Lauren has gross pay of $765 and federal tax withholdings of $68. determine lauren's net pay if she has the additional items withheld: social security tax that is 6.2% of her gross pay medicare tax that is 1.45% of her gross pay state tax that is 22% of her federal tax a. $691.52 b. $666.21 c. $636.98 d. $623.52 please select the best answer from the choices provided a b c d

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shubhamchouhanvrVT

Lauren's net pay after deductions will be equal to $623.52

What will be the net pay of Lauren?

The net pay of the Lauren will be calculated as

The gross pay is = $ 765

The Federal tax = $68

Social security tax on gross pay 6.2%=   [tex]SST=765\times 0.062=47.43[/tex]

Medicare tax on gross pay 1.45%= [tex]765\times 0.0145=11.09[/tex]

State tax on federal tax holdings 22% =[tex]68\times 0.22=14.96[/tex]

Now the net pay will be

[tex]=765-68-47.43-11.09-14.96=623.52[/tex]

Thus Lauren's net pay after deductions will be equal to $623.52

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