An employer has computed the following amounts for its employee Mary during a week in January: Gross wages $500.00; FICA tax withheld $38.25; Federal income tax withholding $67.25; State income tax withholding $20.00; Unemployment taxes $24.00; Worker compensation insurance $5.00. The company does not provide health insurance, paid vacations, or any other benefits. The amount of Mary's net pay is Select the single best answer: A. $374.50 B. $352.75 C. $357.75 D. $345.50
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So, \$500.00 (Gross wages) - \$38.25 (FICA tax) - \$67.25 (Federal income tax) Show more…
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