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21 October, 10:06

Jerry recently started working for a company that pays him an

annual salary of $42,000 and is paid monthly. How much

should his net monthly paycheck be after the following are

deducted?

• Social Security (6.2%)

• Medicare (1.2%)

• State Income Tax (3%)

• Federal Income Tax (14%)

• Health Insurance costs ($80 per month)

a. $2,625.78 c. $3095.20

b. $2,566.00 d. $3420

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Answers (2)
  1. 21 October, 11:36
    0
    The correct answer is b, $2566.00.

    Step-by-step explanation:

    When you subtract each percentage from $3500 (the monthly payment amount) found from dividing $42,000 by 12 months. You get a net payment of $2566.00 after deductions.
  2. 21 October, 12:12
    0
    C should be the answer
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