Mathematics, 15.07.2020 15:01 mattmore0312
Eric works for salary of $3,500 per month. He has federal income withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45% and health insurance premiums of $48 per month. Erik also contributes to a savings plan. Each month, 2% of his gross pay is placed in the savings plan.
After Erik pays the taxes on his money what is Eric's net pay?
A. (1,448.45)
B. (1,799.05)
C. (2,589.25)
D. (2799.05)
Answers: 2
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