observe the paycheck below. what are the gross income, state, tax, total deductions, and net…

observe the paycheck below. what are the gross income, state, tax, total deductions, and net pay?\npennsylvania state income tax is 3.07% of gross pay.\nyou may use your calculator to help you.\nretailsy inc.\n321 s. main street\ncenterville, pa 16404\nemployee pay rate pay period\neliza rodriguez 24.00 regular march 2 to march 8\nearnings hours amount deductions amount\nregular 37.0 federal tax $137.25\novertime 0.0 0.0 state tax \ngovernment withholdings $58.90\nretirement $50.00\ngross income:

observe the paycheck below. what are the gross income, state, tax, total deductions, and net pay?\npennsylvania state income tax is 3.07% of gross pay.\nyou may use your calculator to help you.\nretailsy inc.\n321 s. main street\ncenterville, pa 16404\nemployee pay rate pay period\neliza rodriguez 24.00 regular march 2 to march 8\nearnings hours amount deductions amount\nregular 37.0 federal tax $137.25\novertime 0.0 0.0 state tax \ngovernment withholdings $58.90\nretirement $50.00\ngross income:

Answer

Explanation:

Step1: Calculate gross income

Gross income = pay - rate×regular - hours. So, gross income = $24\times37=$888$.

Step2: Calculate state tax

State tax = 3.07% of gross income. So, state tax = $0.0307\times888=$27.2616\approx$27.26$.

Step3: Calculate total deductions

Total deductions = federal tax+state tax+government - withholdings+retirement. So, total deductions = $137.25 + 27.26+58.90 + 50.00=$273.41$.

Step4: Calculate net pay

Net pay = gross income - total deductions. So, net pay = $888-273.41=$614.59$.

Answer:

Gross income: $$888$ State tax: $$27.26$ Total deductions: $$273.41$ Net pay: $$614.59$