Jason was a recent graduate from a university program with a Bachelor of Science in Medical Technology. He will begin a position at the local hospital working 40 hours a week with an hourly rate of $25.50. He will receive a paycheck every two weeks. In a document, calculate the following. Be sure to show your mathematical calculations. Refer to pages 535 and 536 in your textbook. Gross Pay for 1 paycheck
Deductions for federal tax, state tax, and city tax
Deduction for F. I.C. A. or social security tax
Deduction of $117 for medical and dental insurance.
What would Jason’s net monthly income and net annual salary be after taxes and insurance?