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guajiro [1.7K]
3 years ago
6

You have a part-time job paying $8.95/hr and your deductions are FICA (7.65%), federal tax withholding (9.3%), and state tax wit

hholding (5.8%). You save $30.00/wk for a savings account. If you work 15 hours/wk, how much discretionary income is left each week?
$88.03

$82.14

$76.25

$73.71
Mathematics
1 answer:
Masja [62]3 years ago
3 0
15 hrs a week at 8.95 per hr = (15 * 8.95) = 134.25 gross pay

FICA (7.65%)....0.0765(134.25) = 10.27
fed.tax (9.3%)...0.093(134.25) = 12.49
state tax (5.8%)..0.058(134.25) = 7.79
total taxes : 10.27 + 12.49 + 7.79 = 30.55

savings account money = 30

134.25 - (30.55 + 30) =
134.25 - 60.55 = 73.70...its gonna be the last one because I did a little rounding up above






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