HELP PLEASE

Question

This month, payroll and tax computations for Steve's salary gave the following results:
Gross pay: $4,763
Federal Withholding Tax: $656.92
State Withholding Tax: $112.15
Social Security: $193.01
Medicare: $58.53
Federal Unemployment Tax: $22.54
State Unemployment Tax: $42.23
Use the appropriate parts of the information above to compute Steve's net pay. (Do not round.)

Your Answer:

Answer 1

Hi Hillary,

 

Steve's net pay equals his gross pay minus all of the taxes that are withheld.

 

Dan