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Berkley's Gross Pay for This Month Is $8,750

Question 88

Multiple Choice

Berkley's gross pay for this month is $8,750.His gross pay year-to-date,prior to this month totaled $102,500.Berkley's rate for federal income tax is 20%.His voluntary deductions total $950.What is Berkley's net pay? (Assume an OASDI rate of 4.2%,applicable on the first $110,100 earnings,and a Medicare rate of 1.45%,applicable on all earnings.)


A) $6,553.92
B) $6050.00
C) $7,000.00
D) $5,603.92

Correct Answer:

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