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Your gross pay is $2,759.00. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much are you allowed for housing and fixed expenses?

Respuesta :

Answer:

$2,023.73

Step-by-step explanation:

First step

Add up all tax percentage

7.65

12

7

26.65% total tax deductions

Second Step

Find total taxes

Gross Pay $2,759 × 26.65% or .2665=$735.27 total taxes

Third Step

Find net pay (gross pay minus taxes)

Gross Pay $2,759 - $735.21=$2,023.73 the amount left to spend on housing and fixed expenses.

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