Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over $115,000 so far this year.Thomas McKnight has gross earnings of $22,012.15 monthly. He is married and has 8 withholding allowances.

A. $24,608.96
B. $17,731.41
C. $20,328.22
D. $16,047.48


Answer: D

Mathematics

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