Brad's gross pay for the month is $ 6 comma 400. His deduction for federal income tax is based on a rate of 22%. He has no voluntary deductions. His yearminustominusdate pay is under the limit for OASDI. What is Brad's net pay? (Assume a FICAlong dashOASDI Tax of 6.2% and FICAlong dashMedicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

$4,502

Explanation:

Brad's gross pay for the month is $6,400. His deduction for federal income tax is based on a rate of 22%.

Brad's net pay if we assume a FICAlong - OASDI Tax of 6.2% and FICAlong -Medicare Tax of 1.45%. will be:

His gross pay for the month less all the statutory deductions

$6400 - [(0.22 x 6400) + (0.062 x 6400) + (0.0145 x 6400)] = $4,502

$4,502.40

Explanation:

Brad's net pay equals:

gross  pay                                          $6,400.00

-federal income taxes 22%              ($1,408.00)

-Social security (OASDI) 6.2%            ($396.80)

-Medicare (Fed Med/EE) 1.45%            ($92.80)  

net pay*                                              $4,502.40

FICA taxes include both social security (OASDI) and medicare taxes (Fed Med/EE).

*Generally state taxes and health care premiums are also deducted, but they were not included in this question.

answer; /// i do believe that the correct answer is ; ///claude garamond;