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A statement of an employee's biweekly earnings is given below.

\begin{tabular}{|c|c|cccc|c|}
\hline
& Earnings & \multicolumn{5}{|c|}{ Deductions } \\
\hline
Week Ended & Regular & FED. & SOC. & MED & STATE & NET PAY \\
& & WITH. & WITH. & CARE. & WITH. & \\
\hline
[tex]$8 / 18$[/tex] & [tex]$\$[/tex] 727.80[tex]$ & $[/tex]\[tex]$ 62.00$[/tex] & [tex]$\$[/tex] 45.06[tex]$ & $[/tex]\[tex]$ 10.54$[/tex] & [tex]$\$[/tex] 12.40[tex]$ & $[/tex]\[tex]$ 596.80$[/tex] \\
\hline
\end{tabular}

What is the employee's gross pay?

a. [tex]$\$[/tex] 703.86[tex]$

b. $[/tex]\[tex]$ 714.40$[/tex]

c. [tex]$\$[/tex] 716.26[tex]$

d. $[/tex]\[tex]$ 726.80$[/tex]

Please select the best answer from the choices provided.

A

B

C

D



Answer :

GinnyAnswer
To determine the employee's gross pay, we need to first calculate the total deductions and then add these deductions to the net pay. Here is the step-by-step solution:

1. List the amounts withheld:
- Federal withholding: \[tex]$62.00 - Social Security withholding: \$[/tex]45.06
- Medicare withholding: \[tex]$10.54 - State withholding: \$[/tex]12.40

2. Calculate the total deductions:
- Total deductions = \[tex]$62.00 + \$[/tex]45.06 + \[tex]$10.54 + \$[/tex]12.40
- Total deductions = \[tex]$130.00 3. Determine the net pay: - Net pay = \$[/tex]596.80

4. Calculate the gross pay by adding the total deductions to the net pay:
- Gross pay = Net pay + Total deductions
- Gross pay = \[tex]$596.80 + \$[/tex]130.00
- Gross pay = \[tex]$726.80 Therefore, the employee's gross pay is \$[/tex]726.80.

The correct answer is:
d. \$726.80

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