Rick O'Shea, the only employee of Hunter Furniture Company, makes $42.000 per year and is paid once a month. For the month of July, his federal income taxes withheld are $280, state income taxes withheld are $47, social secunty tax is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 08% What is Rick's net pay for July? Multiple Choice O $3,232.25 $3,500.00 $117300 $2.905.25
Rick O'Shea, the only employee of Hunter Furniture Company, makes $42.000 per year and is paid once a month. For the month of July, his federal income taxes withheld are $280, state income taxes withheld are $47, social secunty tax is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 08% What is Rick's net pay for July? Multiple Choice O $3,232.25 $3,500.00 $117300 $2.905.25
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1PA
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A 1.
Transcribed Image Text:Rick O'Shea, the only employee of Hunter Furniture Company, makes $42.000 per year and is paid once a month. For the month of July, his federal income taxes withheld are $280, state
income taxes withheld are $47, social secunty tax is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 08% What is Rick's net pay for July?
Multiple Choice
O
$3.232.25
$150000
$317300
$2.905.25
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