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    Exam 7: Calculating Pay and Payroll Taxes: the Beginning of the Payroll Process
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    Compute Net Earnings on March 3,when Gross (Taxable)pay Equals $750
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Compute Net Earnings on March 3,when Gross (Taxable)pay Equals $750

Question 137

Question 137

Multiple Choice

Compute net earnings on March 3,when gross (taxable) pay equals $750.FICA-OASDI tax rates are 6.2%,FICA-Medicare rate is 1.45%,federal income tax $71.00,and state income tax $5.00.


A) $615.00
B) $610.00
C) $616.62
D) $672.12

Correct Answer:

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