Multiple Choice
Berkley's gross pay for the month is $7,400.His deduction for federal income tax is based on a rate of 18%.He has no voluntary deductions.His yearly pay is under the limit for OASDI.What is Berkley's net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.Do not round any intermediate calculations,and round your final answer to the nearest dollar. )
A) $5,502
B) $7,400
C) $6,834
D) $6,068
Correct Answer:
Verified
Correct Answer:
Verified
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