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Bob is working for a bank. he earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into fica (social security tax. what is bob’s net pay on his paycheck?

Respuesta :

Bob gets paid 8*40= $320 a week - $63.08 = $256.92 - $33.21 = $223.71 - $42.05 = $181.66. Therefore Bob's net pay on his paycheck is $181.66. 
Parrain

Based on the amount that Bob is paid every two weeks, his net pay on his paycheck must be $501.66.

What is Bob's net pay?

First find out his gross pay?

= Amount per hour x Number of hours in week x Number of weeks

= 8 x 40 x 2

= $640

His net pay is:

= Gross pay - federal withholding tax - state tax - FICA tax

= 640 - 63.08 - 33.21 - 42.05

= $501.66

Find out more on Net pay at https://brainly.com/question/23980905.

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