89
QuizMultiple Choice

Topic Test

Question 89 • 26.27 TCEC FINANCIAL LIT

Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay: federal tax from the following table Social Security tax that is 6.2% of her gross pay Medicare tax that is 1.45% of her gross pay state tax that is 21% of her federal tax Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.

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Answer
A
Her net pay will increase by $15.00.
B
Her net pay will decrease by $15.00.
C
Her net pay will increase by $18.15.
D
Her net pay will decrease by $18.15.
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