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    Exam 7: Calculating Pay and Payroll Taxes: the Beginning of the Payroll Process
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    An Employee Has Gross Earnings of $1,200 with Withholdings of 6.2
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An Employee Has Gross Earnings of $1,200 with Withholdings of 6.2

Question 37

Question 37

Multiple Choice

An employee has gross earnings of $1,200 with withholdings of 6.2% FICA-OASDI,1.45% FICA-Medicare,$50 for federal income tax and $10 for state income tax.How much is the net pay?


A) $900.00
B) $781.15
C) $1,048.20
D) $791.15

Correct Answer:

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