Compute the net pay for the employees' paychecks.

Net Pay

The amount of money that an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.

FICA-OASDI

A U.S. payroll tax that funds the Social Security and Medicare programs, officially known as the Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance.

FICA-Medicare

A federal tax deducted from employees' paychecks and matched by employers to fund the Medicare program.