contestada

Jesse is a part-time nonexempt employee in Austin, Texas, who earns $12.50 per hour. In January, during the last biweekly pay period he worked 35 hours. He is married with zero withholding allowances, which means his federal income tax deduction is $10.00, and has additional federal tax withholding of $30 per pay period. (Do not round interim calculations, only round final answer to two decimal points.) What is his net pay?

Respuesta :

Answer: $364.03

Explanation:

From the information given, Jesse's net pay will be:

Gross Pay = $12.50 × 35 = $437.50

Less: Federal tax = $30.00

Less: Fica = $27.12

Less: Medicare $6.35

Less: federal income tax deduction = $10.00

Less: State = $0.00

Net Pay = $364.03

Based on the calculation above, Jesse's net pay will be $364.03