Rick O'Shea,the Only Employee of Hunter Furniture Company,makes $30,000 Per

question 58

Multiple Choice

Rick O'Shea,the only employee of Hunter Furniture Company,makes $30,000 per year and is paid once a month.For the month of July,his federal income taxes withheld are $180,state income taxes withheld are $37,social security is 6.2%,Medicare tax is 1.45%,State Unemployment Tax is 4%,and Federal Unemployment tax is .8%.What is Rick's net pay for July?

• A) $2,500.00
• B) $2,283.00
• C) $2,308.75
• D) $2,091.75

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Definitions:

Sales Discounts

A reduction in the price of a product or service that is offered by the seller, often to prompt early payment or bulk purchases.

Sales Returns

Transactions involving the return of sold goods by customers, resulting in a reduction of revenue.

Charge Customer

The process of billing a customer for goods or services provided.

Sales Discounts

A reduction in the price of goods or services offered by a seller to a buyer, usually to encourage prompt payment.