Respuesta :
After deducting tax, the total money in hand is $604.49.
What is a payroll tax deduction?
Payroll deductions are wages withdrawn from an employee's total earnings to pay taxes, garnishments, and benefits such as health insurance. These withholdings indicate the difference between gross and net pay and may include the following: Income taxation social security tax Standard payroll deductions are those required by law. Among these are federal income taxes, Social Security, Medicare, state income taxes, and court-ordered garnishments.
Given
Amount owed by employee before tax deduction = $665
Payroll tax = $665×6.2%
= $41.23
Medicare tax = $665×2.9%
= $19.285
After deducting taxes the amount owed by the employee,
=$665 - ($41.23 + $19.285)
=$665 - $60.515
=$604.485
=$604.49
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