Sean's Gross Pay for This Month Is $9,250

Sean's gross pay for this month is $9,250.His gross year-to-date pay,prior to this month,totaled $110,500.Sean's rate for federal income tax is 20%.His voluntary deductions total $1,000.What is Sean's net pay? (Assume an OASDI rate of 6.2%,applicable on the first $117,000 earnings,and a Medicare rate of 1.45%,applicable on all earnings.Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

A) $6,862.87
B) $6,400.00
C) $7,400.00
D) $5,862.87

Correct Answer:

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