contestada

5. You make $10 per hour and worked 25 hours last week. They took out 5.65% for
income taxes and 7.65% for FICA. How much is your net pay?

Respuesta :

So the total amount before income taxes and FICA is 250$.

First, you find the amount after income tax which you can do by....

250$- 250$(5.65%)= 235.875= 235.87

or

250$(100%-5.65%)= 250$(94.35%)= 235.875=235.87$


Then apply the FICA
235.875$(100%-7.65%)= 217.83$

Net pay: 217.83$


Otras preguntas