Question 19 • SHS Alt Personal Finance - 2021
Social Security withholding is 0.062 × $732 = $45.38, and Medicare withholding is 0.0145 × $732 = $10.61. State tax is 0.21 × $62 = $13.02. Subtract all withholdings from gross pay: $732 − $62 − $45.38 − $10.61 − $13.02 = $600.99, so Raquel’s net pay is $600.99.
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