Jane Claus is employed as a sales person at Macys. Her annual salary is $52,000.

Question

Jane Claus is employed as a sales person at Macys. Her annual salary is $52,000. Assuming she gets paid weekly, and that the W-4 tax form she has completed yields federal income tax withholdings of $80 per week and state income tax withholdings of $20 per week, and the only voluntary withholding she has is $40 per week for a 401(k), determine the amount of her weekly net pay rounded to the nearest dollar. Remember she must pay FICA. [Basically you are being asked to prepare the employee related payroll entry; remember FICA!].

a. $860
b. $798
c. $784
d. $900

Explanation / Answer

52000/52=1000 Fed &State -100 401K -40 FICA - 7.65% on 1000-40=960 -73 Net Pay=784 answer c

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