An Employee Has Gross Earnings of $1,800 with Withholdings of 6.2

question 31

Multiple Choice

An employee has gross earnings of $1,800 with withholdings of 6.2% FICA-OASDI, 1.45% FICA-Medicare, $50 for federal income tax and $30 for state income tax. How much is the net pay? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest whole dollar.)

• A) $1,612
• B) $1,632
• C) $1,582
• D) $1,662

---

Definitions:

Standard Deviation

An indicator of the spread or dissimilarity among a group of numbers, showing the extent to which these numbers vary from the average.

Same Company

Refers to entities or units that operate under the same ownership or management, indicating they belong to the same parent organization.

Independent of One Another

A concept where events or variables do not affect or influence each other.

Annual Profit

The financial gain, often calculated before taxes, that a business makes within one fiscal year.