2) Jon started a new job and wants to verify her net pay has been computed correctly. Her gross pay per pay period is $3,123.75. She has the following deductions: Social Security tax 6.2%, Medicare tax 1.45%, Federal withholding tax of $488.12, state tax $39.23, city tax $31.98, retirement insurance $56.10, disability insurance $14.89, medical insurance $31.55, and dental insurance $10.40. What are Jon's total deductions for this pay period?

2) Jon started a new job and wants to verify her net pay has been computed correctly. Her gross pay per pay period is $3,123.75. She has the following deductions: Social Security tax 6.2%, Medicare tax 1.45%, Federal withholding tax of $488.12, state tax $39.23, city tax $31.98, retirement insurance $56.10, disability insurance $14.89, medical insurance $31.55, and dental insurance $10.40. What are Jon's total deductions for this pay period?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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