Answer :
The net pay is gotten after deductions have been deducted from the gross pay and the value is $1474.19
Therefore, based on the information that is provided, the net pay will be calculated as follows:
Gross pay = $1837.00
Less: Deductions
Federal tax = 8.24% × $1837.00 = $151.37
Medicare = 1.45% × $1837.00 = $26.64
Social Security = 6.20% × $1837.00 = $113.89
State tax = 3.86% × $1837.00 = $70.91
Total deductions = $362.81
Therefore, the net pay will be:
= Gross pay - Deductions
= $1837.00 - $362.81
= $1474.19
In conclusion, the net pay is $1474.19.
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