You can work 40 hours per pay period while attending school earning $12.50 an hour. There are two pay periods per month. NOW Assume you have deductions for health care of $25 per pay period and 401K deduction of $50 per pay period. These deductions are pretax.
Gross Pay per pay period: $
Taxable Income per pay period:
You pay 11% in federal taxes. Federal tax withholding per pay period: $
Use the state tax rates below and calculate State tax withholding per pay period: $
(round to two decimals)
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Calculate FICA withholding per pay period: $
Calculate Medicare withholding per pay period: $
(round to two decimals)
What is your Net pay per pay period: $
(round to two decimals)
