Beau Brentley earned 60,000 from his job at Bridgestone Tires. He had 15 of his gross pay withheld for federal income taxes, 6.2 withheld for FICA Social Security taxes, and 1.45 withheld for Medicare taxes. What was Beau's net pay?
A) 48,200
B) 46,410
C) 48,000
D) 60,000
Question 2
According to the assumption used in this text, employers are required to withhold Social Security taxes on the first ____ of each employee's earnings.
a. 120,000
b. 105,900
c. 120,000
d. 110,100