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PLEASE HELP:

The deductions from Jennifer Miller's monthly pay are federal income tax (FIT) of $87, state income tax (SIT) of 2.5% of gross, (CIT) city income tax of 1.2% of gross, social security, and medicare. Her next monthly pay is $3,981.22. Find Jennifer's monthly gross pay.


A) $4,529.05

B) $4,551.23

C) $4,576.58

D) $4,589.08

Respuesta :

abiolataiwo2015

Answer:

$4,711.31

Step-by-step explanation:

Calculation for Jennifer's monthly gross pay

First step is to calculate The total tax percentage deductions

Using this formula

Total tax percentage deductions =State tax + City tax + Social security + Medicare

Let plug in the formula

Total tax percentage deductions = 3.5% +2.5% +6.2% +1.45%

Total tax percentage deductions = 13.65%

Now let calculate the monthly gross pay

Monthly gross pay= ($3,981.22 +87)/(1-13.65%)

Monthly gross pay= ($3,981.22 +87)/0.8635

Monthly gross pay=$4,068.22/0.8635

Monthly gross pay= $4,711.31

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