From Concept Check 2, calculate Tom’s net pay. The state income tax rate is 10%, and charitable contributions are $55.

Data from concept check 2

Tom Hanson, single, has cumulative earnings before this biweekly pay period of $126,000. If he is paid $1,930 this period, what will his deductions be for FIT and FICA (Social Security and Medicare)? The FICA Social Security tax rate is 6.2% on $142,800, and FICA Medicare is 1.45% on all earnings. Round to nearest cent as needed.