Isabelles gross pay for the week is 96000 Her deduction for

Isabelle\'s gross pay for the week is $960.00. Her deduction for federal income tax is based on a rate of 20%. She has voluntary deductions of $235.00. Her yearly pay is under the limit for OASDI. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.) What is her net pay?

Solution

Answer

gross pay = 960

less voluntary deduction = 235

less federal income tax = 192

less OSDAI = 59.52

less fica medicare tax = 13.92

net pay = 459.56