Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina's gross pay per month is [tex]$2,100. Her deductions before the change are listed in the table below.

| Deduction | Dollar Amount |
|--------------------|---------------|
| Federal Income Tax | $[/tex]294 |
| State Income Tax | [tex]$89 |
| Social Security | $[/tex]85 |
| Medicare | [tex]$35 |

What is her new monthly net pay? Round your answer to the nearest dollar.

A. $[/tex]1555
B. [tex]$1591
C. $[/tex]1595
D. $1639


Sagot :

Let's calculate Quintina's new monthly net pay step-by-step by re-evaluating her deductions with the increased federal income tax rate.

### Step-by-Step Solution:

1. Determine the New Federal Income Tax:
- Gross Pay: [tex]$2,100 - New Federal Income Tax Rate: $[/tex]16 \%[tex]$ - Calculation: $[/tex]\text{New Federal Income Tax} = \[tex]$2,100 \times 0.16 = \$[/tex]336[tex]$ 2. Sum the Other Deductions: The deductions excluding the Federal Income Tax are: - State Income Tax: $[/tex]\[tex]$ 89$[/tex]
- Social Security: [tex]$\$[/tex] 85[tex]$ - Medicare: $[/tex]\[tex]$ 35$[/tex]

Total of other deductions: [tex]$89 + 85 + 35 = \$[/tex]209[tex]$ 3. Calculate the Total New Deductions: - New Federal Income Tax: $[/tex]\[tex]$ 336$[/tex]
- Other Deductions: [tex]$\$[/tex] 209[tex]$ - Calculation: $[/tex]\text{Total New Deductions} = 336 + 209 = \[tex]$545$[/tex]

4. Compute the New Net Pay:
- Gross Pay: [tex]$\$[/tex] 2,100[tex]$ - Total New Deductions: $[/tex]\[tex]$ 545$[/tex]
- Calculation: [tex]$\text{New Net Pay} = 2100 - 545 = \$[/tex]1,555[tex]$ ### Final Answer: Quintina's new monthly net pay is rounded to the nearest dollar which gives us: \[ 1555 \quad \text{(Rounded to the nearest dollar)} \] Therefore, the correct answer is: $[/tex]\[tex]$ 1555$[/tex]

So, the correct choice from the given options is:
- [tex]$\$[/tex] 1555$