Noll's net pay for the week, given the gross earnings, the federal income tax, and the FICA total, is $ 1, 547
A person's net pay for a period refers to their gross pay, after the various taxes and deductions have been accounted for, from the gross pay . The net pay in other words , is the amount that a person gets after they have satisfied all their tax and other obligations .
The net pay to Chris Noll for the week is :
= Gross pay - Federal income tax withholding - FICA Total
Gross pay = $ 2 , 000
Federal income tax withholding = $ 300
FICA Total = $ 153
The net pay to Chris Noll for the week is therefore :
= 2, 000 - 300 - 153
= $ 1, 547
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