Calculate the dollar amount of william net pay

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Question - For this year, assume the OASDI FICA tax rate is 6% of the first $60,000 of each employee's yearly earnings and the Medicare FICA tax is 1% of each employee's yearly earnings. Prior to November 2, William had earned gross pay of $58,000. During the week ended November 8, William earned $2,500. During the week, in addition to FICA taxes, William had federal income taxes of $600, state income taxes of $110, and union dues of $10 withheld from his pay.

Calculate the dollar amount of William's net pay for the week ended November 8.

a. $1,605

b. $1,635

c. $1,640

d. $1,780

Reference no: EM132103010

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