Compute the net pay for each employee.The FICA tax rate is: OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 15%; state income tax is 5%; and medical insurance is $100 per employee.
$\begin{array}{llcc}
& \text {Cumulative Pay } & \text {This Week's Pay } \
\text { Sarah Ahti } &\$75,000&\$4,000\
\text { Matt DeFore } &\$62,000&\$2,000\

\end{array}$

Question

Compute the net pay for each employee.The FICA tax rate is: OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 15%; state income tax is 5%; and medical insurance is $100 per employee.
 $\begin{array}{llcc}
 & \text {Cumulative Pay  } & \text {This Week's Pay }   \
 \text { Sarah Ahti } &\$75,000&\$4,000\
 \text { Matt DeFore } &\$62,000&\$2,000\

\end{array}$

Quizplus · Accepted Answer

The Answer of Compute the net pay for each employee.The FICA tax rate is: OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 15%; state income tax is 5%; and medical insurance is $100 per employee.
 $\begin{array}{llcc}
 & \text {Cumulative Pay  } & \text {This Week's Pay }   \
 \text { Sarah Ahti } &\$75,000&\$4,000\
 \text { Matt DeFore } &\$62,000&\$2,000\

\end{array}$

Compute the Net Pay for Each Employee