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In December 2009, Homer Simpson worked for Springfield Power and earned $5,000, which will be...

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Question

Accounting

In December 2009, Homer Simpson worked for Springfield Power and earned

$5,000, which will be paid on January 15, 2010. Federal income tax withholding

is 15%. The FICA rate is 6.2% and the Medicare tax is 1.45%. What is Homers

gross pay?

a. $5,000

b. $4,250

c. $3,940

d. $3,867.50

Answer & Explanation Solved by verified expert
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