Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax withholding was $390.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all eamings, what is McFarland's net pay? If required, round your answer to two decimal places.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3E
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Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax
withholding was $390.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all eamings, what is
McFarland's net pay? If required, round your answer to two decimal places.
Transcribed Image Text:Kenneth McFarland's weekly gross earnings for the week ending March 9 were $2,170, and her federal income tax withholding was $390.60. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all eamings, what is McFarland's net pay? If required, round your answer to two decimal places.
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