Solve the problem.
Henry Daniels earns $2709 biweekly. He is single and claims 7 withholding allowances. He saves 2% of his salary for retirement and pays $24.50 in nonexempt insurance premiums each pay period. Social security tax is 6.2% and Medicare tax is 1.45%. What are his net earnings for each pay period?
A. $2643.33
B. $2410.07
C. $2202.83
D. $2630.32
Answer: C
Mathematics
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