Sean's gross pay for this month is $8750.His gross year-to-date pay,prior to this month,totaled $112,000.Sean's rate for federal income tax is 25%.His voluntary deductions total $950.What is Sean's net pay? (Assume an OASDI rate of 6.2%,applicable on the first $118,500 earnings,and a Medicare rate of 1.45%,applicable on all earnings.Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $6032.62
B) $5612.50
C) $6562.50
D) $5082.62
Correct Answer:
Verified
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