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Rose earned a gross pay of $426 last week. From her gross pay, the following deductions were subtracted: federal income tax of $48, social security taxes of 6.2%, Medicare taxes of 1.45%, health insurance premiums of $45.80, and union dues of $12.56. What was Rose’s net pay

Respuesta :

We group together the deductions that Rose would incur for the week.

Federal income tax = $48

Social security tax = (0.062)($426) = $26.412

Medicare taxes = (0.0145)($426) = $6.177

Insurance premiums = $45.80

Union dues = $12.56

 

The total of these deductions is $138.949.

 

Then, we subtract the total deductions from the gross pay to compute for the net pay.

                                   Net pay = ($426) – ($138.949)

                                   Net pay = $287.051