Question

Raquel has gross pay of $732 and federal tax withholdings of $62. Determine Raquel’s net pay if she has the additional items withheld: Social Security tax that is 6.2% of her gross pay Medicare tax that is 1.45% of her gross pay state tax that is 21% of her federal tax

Answer 1

600.99 is the answer to your question

Answer 2

The net pay of the Raquel be $601 .

Explanation:

As given

Raquel has gross pay of $732 and federal tax withholdings of $62.

Social Security tax that is 6.2% of her gross pay .

6.2% is written in the decimal form.

`= (6.2)/(100)`

= 0.062

Social Security tax = 0.062 × Gross pay

= 0.062 × 732

= $ 45.38 (Approx)

As given

Medicare tax that is 1.45% of her gross pay .

1.45% is written in the decimal form.

`= (1.45)/(100)`

= 0.0145

Medicare Tax = 0.0145 × Gross pay

= 0.0145 × 732

= $ 10.6 (Approx)

As given

State tax that is 21% of her federal tax.

21% is written in the decimal form.

`= (21)/(100)`

= 0.21

State tax = 0.21 × Federal tax

= 0.21 × 62

= $13.02

Total amount of the tax = Federal tax + Social Security tax + Medicare Tax + State tax

Putting all the values in the above

= $62 + $45.38 +$10.6 + $13.02

= $ 131

Raquel’s net pay = Gross pay - Total amount of taxes

= $732 - $131

= $ 601

Therefore the net pay of the Raquel be $601 .