Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $110,100 and 1.45% for Medicare:

Question

Quizplus · Accepted Answer

The Answer of Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $110,100 and 1.45% for Medicare:

Calculate the Net Pay