Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this...
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Berkley's gross pay for this month is $8,750. His gross pay year-to-date, prior to this month totaled $102,500. Berkley's rate for federal income tax is 20%. His voluntary deductions total $950. What is the amount of Berkley's net pay? (Assume an OASDI rate of 4.2%, applicable on the first $110,100 earnings, and a Medicare rate of 1.45%, applicable on all earnings.)
A.$5,603.92
B.$6,050.00
C.$6,553.92
D.$7,000.00
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