Maxwell McFarland's weekly gross earnings for the week ending December 18 were $880, and his federal income tax withholding was $176. Prior to this week, McFarland had earned $99,500 for the year. Assuming the Social Security rate is 6% on the first $100,000 of annual earnings and Medicare is 1.5% of all earnings, what is McFarland's net pay?

Answer rating: 100% (QA)

Given 1 Weekly gross earning 880 2 Federal income tax withholding 176 3 Previous annual earnings 995... View the full answer