1. jack's employer just switched to a new payroll system. he wants to make sure that his
net pay has been computed correctly. his gross pay per pay period is $587.34. he has the
following deductions: social security tax (6.2%), medicare tax (1.45%), federal withholding
tax $164.45, state withholding tax $76.34, retirement insurance contribution $50.00,
disability insurance fee $8.00, medical insurance fee $23.00, and dental insurance fee $8.00.
what should his net pay be for this pay period?