Which statement correctly compares the numbers 269,317 and 296,317?
2 answers:
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Marquis has a gross pay of $816.
1. Social security tax that is 6.2% of his gross pay, find it.
$816 - 100%
$x - 6.2%
Use proportion:
2. Medicare tax is 1.45% of his gross pay, then
$816 - 100%
x - 1.45%
Use proportion:
3. State tax that is 22% of his federal tax. Federal tax is $92, so
$92 - 100%
x - 22%
Use proportion:
4. He has a gross pay of $816 and the following items withheld:
- federal tax of $92
- social security tax $50.592
- medicare tax $11.832
- state tax $20.24
- al taxes in total $92+$50.592+$11.832+$20.24=$174.664
Answer: his gross pay will be reduced by $174.664≈$174.66.