Compute the net pay for each employee.The FICA tax rate is: OASDI 6.2% on a limit of $117,000;Medicare is 1.45%;federal income tax is 15%;state income tax is 5%;and medical insurance is $100 per employee.
$\begin{array}{lll}&\text { Cumulative Pay }&\text { This Week's Pay }\
\text { Sarah Ahti } & \$ 75,000 & \$ 3,500 \
\text { Matt DeFore } & \$ 62,000 & \$ 2,500
\end{array}$

Question

Compute the net pay for each employee.The FICA tax rate is: OASDI 6.2% on a limit of $117,000;Medicare is 1.45%;federal income tax is 15%;state income tax is 5%;and medical insurance is $100 per employee.
 $\begin{array}{lll}&\text { Cumulative Pay }&\text { This Week's Pay }\
\text { Sarah Ahti } & \$ 75,000 & \$ 3,500 \
\text { Matt DeFore } & \$ 62,000 & \$ 2,500
\end{array}$

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 $117,000;Medicare is 1.45%;federal income tax is 15%;state income tax is 5%;and medical insurance is $100 per employee.
 $\begin{array}{lll}&\text { Cumulative Pay }&\text { This Week's Pay }\
\text { Sarah Ahti } & \$ 75,000 & \$ 3,500 \
\text { Matt DeFore } & \$ 62,000 & \$ 2,500
\end{array}$

Compute the Net Pay for Each Employee