Sunday, July 17, 2011

business math question?

nancy is sinle and claims one exemption. she earns $3400 a month. a health insurance premium of $50 and a dental insurance premium of $25 are deducted from her earnings. find nancys net pay. use the tax rate of 7.65% for FICA and use teh percentage method to find FIT. show work plz!
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3400 x .0765 = FICA deduction 3400 x percent ( look this up .15 usually) = FIT deduction 3400 - FICA deduction - FIT deduction- Health - Dental = NET
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