On January 15,Robert Love earned $4,000 and has the following deductions: FICA-OASDI 6.2%,FICA-Medicare 1.45%; federal income tax of $200; and state income tax $40.What is his net pay?
A)$3,400
B)$3,454
C)$4,454
D)$$4,000

Question

Quizplus · Accepted Answer

- FICA-OASDI deduction = 6.2% of $4,000 = $248
- FICA-Medicare deduction = 1.45% of $4,000 = $58
- Total deductions = $200 + $40 + $248 + $58 = $546
- Net pay = $4,000 - $546 = $3,454

On January 15,Robert Love Earned $4,000 and Has the Following $$4,000