Allison worked 30 hours last week at $8.00 hour. Her federal income tax withholding was $22.00. Her state income tax withholding was $7.15. With FICA at 6.20% and Medicare tax at 1.45% what was her net pay?
Her net pay was $192.49.
Gross pay: 30 x $8.00 = $240.00
Subtract:
-- federal income tax = $22.00
--state income tax = $7.15
--FICA (6.20% of $240.00) = $14.88
--Medicare tax (1.45% of $240.00) = $3.48
Final amount: $240.00 - $22.00 - $7.15 - $14.8 - $3.48 = $192.49
