Amy's gross pay for the week is $870.00. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions of $245.00. Her year-to-date pay is under the limit for OASDI. What is her net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. (Round all calculations to the nearest cent.)
A) $407.50
B) $652.50
C) $585.94
D) $340.94
D) $340.94
Gross Pay $870.00
Less: Voluntary Deductions 245.00
Less: Federal Income Tax 217.50
Less: OASDI 53.94
Less: Medicare 12.62
Net Pay $340.94
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