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Janice works for a salary of $2,396 per month. She has federal income tax withheld at the rate of 15 percent, Social Security tax at the rate of 6.2 percent, Medicare tax at the rate of 1.45 percent, and health insurance premiums of $95 per month. What is her net pay?

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MrCreighton

Net pay is the amount a person "brings home" after all their deductions as subtracted.

Gross pay = 2,396

Tax 2396 X 15%

SS Tax = 2396 X 6.2%

Medicare tax = 2396 X 1.45%

Health insurance = $95

Net pay = gross pay - tax-ss tax-medicare tax- health insurance

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