Q:

Jerry recently started working for a company that pays him anannual salary of $42,000 and is paid monthly. How muchshould his net monthly paycheck be after the following arededucted?• Social Security (6.2%)• Medicare (1.2%)• State Income Tax (3%)• Federal Income Tax (14%)• Health Insurance costs ($80 per month)a. $2,625.78 c. $3095.20b. $2,566.00 d. $3420

Accepted Solution

A:
Answer:The correct answer is b, $2566.00. Step-by-step explanation:When you subtract each percentage from $3500 (the monthly payment amount) found from dividing $42,000 by 12 months . You get a net payment of $2566.00 after deductions .