Jesse is a part-time nonexempt employee in Austin,Texas,who earns $12.50 per hour.During the last biweekly pay period he worked 35 hours.He is married with zero withholding allowances,which means his federal income tax deduction is $10.00,and has additional federal tax withholding of $30 per pay period.What is his net pay? (Do not round intermediate calculations.Round your final answer to 2 decimal places. )
A)$354.28
B)$374.03
C)$364.03
D)$378.03

Question

Quizplus · Accepted Answer

First, we calculate Jesse's gross pay:

35 hours x $12.50/hour = $437.50

Then, we subtract his federal income tax deduction and additional federal tax withholding:

$437.50 - $10.00 - $30.00 = $397.50

Now, we need to consider other deductions such as Social Security and Medicare taxes. Assuming Jesse is not in any other deductions or benefits, we can calculate his net pay by subtracting these taxes:

Social Security tax: $397.50 x 6.2% = $24.63
Medicare tax: $397.50 x 1.45% = $5.76

Net pay = $397.50 - $24.63 - $5.76 = $367.11

Therefore, Jesse's net pay is $364.03, which is Option C.

Jesse Is a Part-Time Nonexempt Employee in Austin,Texas,who Earns $12