Brad's gross pay for the month is $5,400. His deduction for federal income tax is based...
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Brad's gross pay for the month is $5,400. His deduction for federal income tax is based on a rate of 22%. He has no voluntary deductions. His year-to-date pay is under the limit for OASDI. What is Brad's net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.) Brad's gross pay for the month is $5,400. His deduction for federal income tax is based on a rate of 22%. He has no voluntary deductions. His year-to-date pay is under the limit for OASDI. What is Brad's net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
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1 Calculate Federal Income Tax deduction Federal Income Tax Deduction Gross Pay Federa... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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