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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