Vikings Company pays Jim Reap gross earnings for the current two-week period of $4,500. Federal withholdings were withheld in the amount of $825.50 along with FICA (6% for Social Security and 1.5% for Medicare). Jim Reap also contributes towards his employer provided retirement plan at the rate of 5% per paycheck and pays into his employer provided health insurance in the amount of $65 per pay period. 

What is Jim Reap's net pay that he receives every two weeks?

Answer rating: 100% (QA)

To calculate Jim Reaps net pay we need to deduct all the withholdings and ... View the full answer