In December 2011,B

question 90

Multiple Choice

In December 2011,B.Rich worked for Payless,Inc.and earned $10,000.Federal income tax withholding is 20%.The FICA rate is 6.2% and the Medicare tax is 1.45%.What is B.Rich's net pay?

• A)$10,000
• B)$8,000
• C)$7,235
• D)$6,615

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Definitions:

Low Birthrate

A situation where a country or region experiences a lower number of births, often leading to concerns about population decline and demographic aging.

Aging Population

A demographic trend where the median age in a population increases over time due to increasing life expectancy and/or declining birth rates.

Entitlement Program

Government programs that provide guaranteed benefits to those who meet eligibility requirements, such as Social Security or Medicare.

Eligibility Requirements

Criteria that must be met in order to qualify for a particular position, activity, or benefit.