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9 August, 15:11

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

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  1. 9 August, 16:33
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    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
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