Calculate her take-home pay for her first check, Financial Accounting

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Calculate her take-home pay for her first check

Problem

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $15.70 per hour. She completed her W-4 stating that she is married filing jointly Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare). Calculate her take-home pay for her first check.

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Financial Accounting: Calculate her take-home pay for her first check

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Financial Accounting: Calculate her take-home pay for her first check

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