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Assume that Josh earns $48 per hour and he worked 40 hours this week. The...

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Accounting

Assume that Josh earns $48 per hour and he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings are subject to both FICA taxes. Also, $240 in income taxes and $80 of union dues are withheld. Joshs net take-home pay should be

a. $1,453.12

b. $1,600.00

c. $1,280.00

d. $1,477.60

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