Your gross pay on your paycheck is $400. Your withholdings are as follows: - Federal
Income Tax = $50.00 -State Income Tax = $20.00 -Social Security Tax = $7.00 -
Medicare Tax = $3.50 What will your Net Pay be?

Respuesta :

Answer:

=$319.50

Explanation:

Net pay is obtained after subtracting all deductions from the gross pay. Therefore, net pay is gross pay minus deductions. It is the amount that gets to the employee's salary account.

In this case, gross pay =$400

Deductions

include income Tax = $50.00

State Income Tax = $20.00

Social Security Tax = $7.00

Medicare Tax = $3.50

Total deductions = $80.5

Net pay = $400 -  $80.5

=$319.50