Jesse is a part-time nonexempt employee in Austin, Texas, who earns $12.50 per hour. During the last biweekly pay period he worked 35 hours. He is married with zero withholding allowances, which means his federal income tax deduction is $10.00, and has additional federal tax withholding of $30 per pay period. What is his net pay? (Do not round interim calculations, only round final answer to two decimal points.)
A) $354.28
B) $374.03
C) $364.03
D) $378.03

Question

Quizplus · Accepted Answer

First, we need to calculate his gross pay: 
35 hours x $12.50/hour = $437.50

Next, we need to subtract his federal income tax deduction and additional federal tax withholding: 
$437.50 - $10.00 - $30.00 = $397.50

Finally, we need to subtract his Social Security and Medicare taxes: 
$397.50 - ($397.50 x 7.65%) = $367.28

Therefore, his net pay is $364.03.

Jesse Is a Part-Time Nonexempt Employee in Austin, Texas, Who