The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% cit

Question

Harman [31]

4 years ago

11

The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% cit

y tax; and 3% retirement fund. What is his net income for one week?

Mathematics

1 answer:

TEA [102] · Answer 1 · 2022-01-07T03:27:23+03:00

Vaughn's net income will be the gross income minus any deductions. (2% of 785 is 15.70, 1% of 785 is 7.85, and 3% of 785 is 23.55.)

It will be easier to add together all the deductions, and then subtract that sum from 785:

42.25 + 90.33 + 15.70 + 7.85 + 23.55 = 179.68
785 - 179.68 = 605.32