Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare:
$$\begin{array} { | l | l | l | l | l | l | l | l | }
\hline \text { Name } & \begin{array} { l }
\text { Marital } \
\text { Status }
\end{array} & \begin{array} { l }
\text { Exemptions } \
\text { Claimed }
\end{array} & \text { Gross } & \text { FIT } & \text { Soc Sec } & \text { Medicare } & \text { Net Pay } \
\hline \text { B Burns } & \text { M } & 2 & \$ 900 & \text { A } & \text { B } & \text { C } & \text { D } \
\hline
\end{array}$$

Question

Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare:
 $$\begin{array} { | l | l | l | l | l | l | l | l | } 
\hline \text { Name } & \begin{array} { l } 
\text { Marital } \
\text { Status }
\end{array} & \begin{array} { l } 
\text { Exemptions } \
\text { Claimed }
\end{array} & \text { Gross } & \text { FIT } & \text { Soc Sec } & \text { Medicare } & \text { Net Pay } \
\hline \text { B Burns } & \text { M } & 2 & \$ 900 & \text { A } & \text { B } & \text { C } & \text { D } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare:
 $$\begin{array} { | l | l | l | l | l | l | l | l | } 
\hline \text { Name } & \begin{array} { l } 
\text { Marital } \
\text { Status }
\end{array} & \begin{array} { l } 
\text { Exemptions } \
\text { Claimed }
\end{array} & \text { Gross } & \text { FIT } & \text { Soc Sec } & \text { Medicare } & \text { Net Pay } \
\hline \text { B Burns } & \text { M } & 2 & \$ 900 & \text { A } & \text { B } & \text { C } & \text { D } \
\hline
\end{array}$$

Calculate the Net Pay