Please provide this question solution general accounting Tom's gross pay for this month is $8,150. His gross pay year-to-date, prior to this month totaled $101,000. Tom's rate forfederal income tax is 24%. His voluntary deductionstotal $900. What is the amount of Tom's net pay?A. $4816.22.B. $5716.00.C. $4670.52.D. $4290.65.

Let's include Social Security and Medicare deductions in the calculation. These are standard…

Answered: Tom's gross pay for this month is…

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 30P

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Tom's gross pay for this month is $8,150. His gross pay year- to-date, prior to this month totaled $101,000. Tom's rate for federal income tax is 24%. His voluntary deductions total $900. What is the amount of Tom's net pay? A. $4816.22. B. $5716.00. C. $4670.52. D. $4290.65.