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Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items withheld: Social Security tax that is 6.2% of her gross pay Medicare tax that is 1.45% of her gross pay State tax that is 22% of her federal tax

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  1. 19 May, 12:28
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    Given:

    Gross pay = 765

    federal withholding tax = 68

    Social security tax = 765 * 6.2% = 47.43

    Medicare tax = 765 * 1.45% = 11.09

    State tax (22% of federal tax) = 68 * 22% = 14.96

    765 - 68 - 47.43 - 11.09 - 14.96 = 623.52

    Lauren's net pay is 623.52
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