Question

A paycheck is issued for $329. 40. The paystub reflects an amount earned of $400. 00, Medicare tax of $5. 80, Social Security tax of $24. 80, and a federal tax of $40. 0. What is the net income for the paycheck? $400. 00 $329. 40 $40. 00 $24. 80.

Answer 1

Net income is the amount that will be earned after all the taxes have been subtracted from the paystub amount.

The net income for the paycheck

Given Information:

• Paycheck=$329.40
• Paystub=$400.00
• Medical tax=$5.80
• Social security tax=$24.80
• Federal tax=$40.0

The Net income is therefore:-

Net Income=Paystub-Medical tax-Social security tax

Net Income= 400 - 5.80 - 24.80 - 40

Net Income= $329.40

In conclusion, the net income is $329.40.

Learn more about Net income, refer to the link:

https://brainly.com/question/20938437