Brad's gross pay for the month is $15,400. His deduction for federal income tax is based on a rate of 18%. He has no voluntary deductions. His year-to-date pay is under the limit for OASDI. What is Brad's net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $11,450
B) $15,400
C) $14,222
D) $12,628
A) $11,450
Gross Pay $15,400.00
Less: OASDI 954.80
Less: Medicare 223.30
Less: Federal Income Tax 2772.00
Net Pay $11,450
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