the porters are moving because mr. porter got a new job. until mrs. porter finds a job in the new city, the…

the porters are moving because mr. porter got a new job. until mrs. porter finds a job in the new city, the porter family will live on mr. porter’s salary. in the new city, his gross pay is $7,500 per month. his deductions include the following: federal income tax $1,400 state income tax $535 social security $415 medicare $150 what is mr. porter’s net pay each month?
Answer
Answer:
$5000$
Explanation:
Step1: Calculate total deductions
$1400 + 535+415 + 150=2500$
Step2: Calculate net - pay
$7500-2500 = 5000$