9
QuizMultiple Choice

Budgeting and Being a Smart Consumer(CFA1)

Question 9 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per month is $2,100. Her deductions before the change are listed in the table. DeductionDollar AmountFederal Income Tax$294State Income Tax$89Social Security $85Medicare$35 What is her new monthly net pay? Round your answer to the nearest dollar.

Answer
A
$1555
B
$1591
C
$1595
D
$1639
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