The Porters are moving because Mr. Porter got a new job. Until Mrs. Porter finds a job in the new city, the Porter family will live on Mr. Porter’s salary. In the new city, his gross pay is $7,500 per month. His deductions include the following: Federal income tax $1,400 State income tax $535 Social Security $415 Medicare $150 What is Mr. Porter’s net pay each month? 5,000 6,100 6,500 7,500

QUESTION POSTED AT 01/06/2020 - 04:08 PM

Answered by admin AT 01/06/2020 - 04:08 PM

Since in total the cost of all the taxes Mr. Porter pays is $2500 you subtract that from his monthly $7500 salary and get $5000 as his net pay or overall pay for the month.
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