earning statement sanchez laboratories 14 main street, seattle, wa 98101 employee name & address ssn pay…

earning statement sanchez laboratories 14 main street, seattle, wa 98101 employee name & address ssn pay period pay date check # pat gueterman, 101 4th st. bellevue, wa 98004 555 - 55 - 5555 09/01/18 - 09/31/18 10/01/18 401 description hours rate gross pay y - t - d amount gross earnings 40.00 31.00????? 9,680.00 deductions current total y - t - d total fica - medicare 17.38 44.66 fica - social security 49.35 230.06 federal tax 90.07 447.60 state tax 47.20 256.40 ytd gross ytd deductions ytd net pay gross pay deductions net pay 9,680.00 978.72??????????????? using the earning statement seen here, calculate pats \net pay\ for this period. a $1,036.00 b $1,240.00 c $8,701.25 d $9,680.00
Answer
Explanation:
Step1: Calculate gross pay
Gross pay = Hours × Rate. Given hours = 40.00 and rate = 31.00, so gross pay = 40×31 = 1240.
Step2: Calculate total deductions
Total deductions = 17.38+49.35 + 90.07+47.20=204.
Step3: Calculate net pay
Net pay = Gross pay - Total deductions. So net pay = 1240 - 204=1036.
Answer:
A. $1,036.00