TAXES MULTIPLE CHOICE Zurab works for a salary of $1,986 per month. He has federal income tax withheld at the rate of 15 perce

Question

3 months ago

7

TAXES MULTIPLE CHOICE Zurab works for a salary of $1,986 per month. He has federal income tax withheld at the rate of 15 perce

nt, Social Security tax at the rate of 6.2 percent, Medicare tax at the rate of 1.45 percent, and health insurance premiums of $48 per month. Zurab also contributes to a savings plan. Each month, 2 percent of his gross pay is placed in the plan. Zurab pays income tax on this money. Zurab’s net pay is $____.
A. 1448.45
B. 1505.45

Mathematics

2 answers:

zzz [12.3K] · Answer 1 · 2026-02-20T14:40:51+03:00

zzz [12.3K]3 months ago

8 0

To find the answer, subtract the total percentage of 24.65% and $48 from 1986, resulting in the final value.

zzz [12.3K] · Answer 2 · 2026-02-20T14:40:32+03:00

Answer:

Zurab's take-home pay amounts to $1448.45.

Detailed calculation:

Monthly salary = $1,986.00

Federal income tax = 15% of $1,986 = 0.15 × 1,986 = $297.90

Social Security tax = 6.2% of $1,986 = 0.062 × 1,986 = $123.132

Medicare tax = 1.45% of $1,986 = 0.0145 × 1,986 = $28.797

Monthly health insurance premium = $48.00

Savings plan deduction = 2% of $1,986 = 0.02 × 1,986 = $39.72

Total deductions = 297.90 + 123.132 + 28.797 + 48.00 + 39.72 = $537.549

Thus, net pay = $1,986.00 - $537.549 = $1,448.45

Answer choice A is the correct selection.

*TAXES MULTIPLE CHOICE* Zurab works for a salary of $1,986 per month. He has federal income tax withheld at the rate of 15 perce

TAXES MULTIPLE CHOICE Zurab works for a salary of $1,986 per month. He has federal income tax withheld at the rate of 15 perce