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October 20, 2014

Homework Help: business math

Posted by Samantha on Sunday, June 9, 2013 at 1:02am.

Fran Mallory is married, claims five withholding allowances, and earns $3,500 (gross) per month. In addition to Federal income tax (FIT), social security, and Medicare withholding, Fran pays 2.1% state income tax, and Ĺ% for state disability insurance (both based on her gross income), plus an additional $43.11 for life insurance and $72.30 to the credit union. As payroll manager for Franís company, calculate her net take-home pay per month.

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