Personal Finance Semester Exam

Question

7 of 407 of 40 Items

Question
This is the stub from Jen’s mother’s most recent paycheck. How much is her net pay for this period?

Wendy R. Murrow Withholding
Earnings Pay Period:12/01 - 12/15

Federal Income Tax

187.99
Gross Pay State Income Tax 109.83
This Period Year to Date FICA—Social Security 97.42
2,031.26 47,125.11 FICA—Medicare 20.78
Health Insurance 0.00
Dental 0.00
Vision 0.00
401(k) 203.12
Net Pay




(1 point)
Responses

$47,125.11
$47,125.11

$2,031.26
$2,031.26

$619.14
$619.14

$1,412.12

Answer 1

The correct answer is $1,412.12. This is the net pay for this period after subtracting the Federal Income Tax, State Income Tax, FICA—Social Security, FICA—Medicare, and 401(k) contributions from the gross pay.