Gary Dittman, an employee of Hopkins Company, has gross earnings for the month of October of $8,000. FICA taxes are 8% of gross earnings, federal income taxes amount to $1,270 for the month, state income taxes are 2% of gross earnings, and authorizes voluntary deductions of $20 per month to the United Way. What is the net pay for Gary?
A) $5,922.80.
B) $5,910.00.
C) $5,930.00.
D) $5,935.40.
Correct Answer:
Verified
Q127: The journal entry to record the payroll
Q128: The following totals for the month of
Q128: Employee payroll deductions include each of the
Q130: The following totals for the month of
Q132: The following totals for the month of
Q133: The following totals for the month of
Q134: The following totals for the month of
Q135: FICA taxes do not provide workers with
A)
Q136: Julie Norman, earns $20 per hour for
Q138: The amount of income taxes withheld from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents