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Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax...

Barbara Brach earns $368.00 per week. She is married and claims 2 allowances. Her state tax rate is 2.8 percent and her local tax rate is 1.25 percent, both on gross earnings. Her medical insurance plan costs $7,780.00 per year, of which the company pays 80 percent. Medicare (1.45%) and Social Security (6.2%) are also deducted from her paycheck. What is her net pay?

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Answer #1
Calculations of ne
Particulars amount
Gross pau per annum (368*52) 19136

Less : local tax (19136*1.25%)

 239.2
State tax (19136 *2.8%) 535.81
Medical insurance (7780*20%) 1556
Medicare (19136*1.45%) 277.47
Social security (19136*6.2%) 1186.43
Net pay 15341.1
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