An employee earns gross pay of $720 during the current pay period. Taxes associated with...
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Accounting
An employee earns gross pay of $720 during the current pay period. Taxes associated with these earnings include federal withholding tax of $45, state withholding tax of $18, social security tax of $44.64, Medicare tax of $10.44 FUTA tax of $4.32, and SUTA tax of $38.88. What is this employee's net pay for the current pay period?
a). $558.72
b). $601.92
c). $615.60
d). $720.00
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