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At the end of the first pay period of the year, Sofia earned $4,800 of...

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Accounting

At the end of the first pay period of the year, Sofia earned $4,800 of salary. Withholdings from Sofias salary include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $516 of federal income taxes, $176 of medical insurance deductions, and $26 of life insurance deductions. Compute Sofias net pay for this first pay period.
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QS 9-6 (Algo) Computing net pay LO P2 At the end of the first pay period of the year, Sofia earned $4,800 of salary. Withholdings from Sofio's salary include FiCA Social Security taxes at the rate of 6.2%, FiCA Medicare taxes at the rate of 1.45%,$516 of federal income taxes, $176 of medical insurance deductions, and $26 of life insurance deductions. Compute Sofia's net pay for this first pay period. Note: Round your intermediate and final answers to 2 decimal places

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