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QuizMultiple Choice

Paying Taxes

Question 1 • * HSA 26-27 Economics

Davis’s net paycheck is $2,920.50.Type of TaxAmountFederal$945.00State$225.00Medicare$65.25Social Security$344.25

Answer
A
$2,920.50
B
$2,985.75
C
$4,090.50
D
$4,500.00

Explanation

To find Davis’s gross paycheck, add the net paycheck to the taxes withheld: $2,920.50 + $945.00 + $225.00 + $65.25 + $344.25 = $4,500.00. The correct choice is $4,500.00.

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