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A statement of an employee's biweekly earnings is given below.

\begin{tabular}{|c|c|c|c|c|c|c|}
\hline
& Earnings & & & Deductions & \\
\hline
Week Ended & Regular & \begin{tabular}{l}
FED. \\
WITH.
\end{tabular} & \begin{tabular}{l}
SOC. \\
SEC.
\end{tabular} & \begin{tabular}{l}
MED. \\
CARE
\end{tabular} & \begin{tabular}{l}
STATE \\
WITH.
\end{tabular} & NET PAY \\
\hline
8/18 & \[tex]$ & \$[/tex]62.00 & \[tex]$45.06 & \$[/tex]10.54 & \[tex]$12.40 & \$[/tex]596.80 \\
\hline
\end{tabular}

What is the employee's gross pay?

a. \[tex]$703.86
b. \$[/tex]714.40
c. \[tex]$716.26
d. \$[/tex]726.80

Please select the best answer from the choices provided:

A.
B.
C.
D.


Sagot :

To determine the employee's gross pay, we need to account for the total deductions and add them to the net pay. Here is a step-by-step solution:

1. Net Pay: The employee's net pay, as given, is [tex]$596.80. 2. Federal Withholding (FED. WITH.): The federal withholding amount is $[/tex]62.00.
3. Social Security Withholding (SOC. WITH.): The Social Security withholding amount is [tex]$45.06. 4. Medicare Care (MED CARE): The Medicare care amount deducted is $[/tex]10.54.
5. State Withholding (STATE WITH.): The state withholding amount is [tex]$12.40. To find the gross pay, we add these amounts: \[ \text{Gross Pay} = \text{Net Pay} + \text{Federal Withholding} + \text{Social Security Withholding} + \text{Medicare Care} + \text{State Withholding} \] Substituting the given amounts: \[ \text{Gross Pay} = 596.80 + 62.00 + 45.06 + 10.54 + 12.40 \] Calculating the sum: \[ \text{Gross Pay} = 596.80 + 62.00 = 658.80 \] \[ \text{Gross Pay} = 658.80 + 45.06 = 703.86 \] \[ \text{Gross Pay} = 703.86 + 10.54 = 714.40 \] \[ \text{Gross Pay} = 714.40 + 12.40 = 726.80 \] Therefore, the final gross pay is: \[ \text{Gross Pay} = 726.80 \] Among the provided options, the closest choice is: d. $[/tex]726.80

Thus, the best answer is:

D
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