Urgent show steps as well !
the gross pay on simon's paycheck is $1220.86. in addition to his fica tax, he has $178.90 withheld for federal income tax, $62.21 withheld for state income tax, and $19 deducted for health insurance. what is the net pay on simon's paycheck?
(the social security tax is 6.2% of gross pay and the medicare tax is 1.45% of gross pay)

a. $960.75
b. $887.25
c. $867.36

Net pay of Simon' s is $867.36 .

Option (C) is correct .

Step-by-step explanation:

As given

The gross pay on Simon's paycheck is $1220.86.

In addition to his FICA tax, he has $178.90 withheld for federal income tax, $62.21 withheld for state income tax, and $19 deducted for health insurance.

The social security tax is 6.2% of gross pay and the medicare tax is 1.45% of gross pay .

6.2 % is written in the decimal form .

= 0.062

Social security tax = 0.062 × Gross pay

                               = 0.062 × 1220.86

                                = $75.69 (Approx)

1.45% is written in the decimal form .

= 0.0145

Medicure tax = 0.0145 × Gross pay

                       = 0.0145 × 1220

                       = $ 17.7 (Approx)

Net pay = Gross pay - Federal income tax - State tax - Health tax - Social security tax - Medicure tax

Putting all the values in the above

                = 1220.86 - 178.90 - 62.21 - 19 - 75.69 - 17.7

                = 1220.86 - 353.5

                = $ 867.36

Therefore the net pay of Simon' s is $867.36 .

Option (C) is correct .