Berkley's Gross Pay for This Month Is $8,750

question 93

Multiple Choice

Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this month totaled $102,500. Berkley's rate for federal income tax is 20%. His voluntary deductions total $950. What is the amount of Berkley's net pay? (Assume an OASDI rate of 4.2%, applicable on the first $110,100 earnings, and a Medicare rate of 1.45%, applicable on all earnings.)

• A)$6,553.92
• B)$6050.00
• C)$7,000.00
• D)$5,603.92

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Definitions:

Human Resource Management

The strategic approach to the effective and efficient management of people in a company or organization in a way that helps their business gain a competitive advantage.

Communicate

To share or exchange information, ideas, or feelings with someone else through speaking, writing, or other forms of expression.

Administrative Function

Activities related to managing an organization's operations, including planning, organizing, directing, and controlling resources.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance in service of an employer's strategic objectives.