Gross earnings for the pay period are $100,000. Required payroll deductions are: Social Security $6,700; Medicare $1,450; Federal Income tax $18,000 and State income tax $3,850. What is the net pay to employees

Respuesta :

The net pay to employees is $70,000.

What is the net pay?

The net pay to employees is the difference between the gross earnings and the total deductions.

Data and Calculations:

Gross earnings =     $100,000

Deductions:

Social Security            $6,700

Medicare                     $1,450

Federal Income tax $18,000

State income tax       $3,850

Total deductions      30,000

Net pay =                $70,000

Thus, the net pay to employees is $70,000.

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