Example 1 Bianca started a new job and wants to verify her net pay has been computed correctly. Her gross pay
per pay period is $469.75. She has the following deductions: Social security 6.2%, Medicare tax 1.45%,
federal withholding tax $110.51, state withholding tax $66.62, retirement insurance contribution $9.00,
disability insurance fee $2.56, medical insurance fee $12.00, and dental insurance fee $6.00. What
should her net pay be for this pay period?