1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
3 years ago
12

You are paid $13.70/hr. You work 40 hr/wk and your deductions are FICA (7.65%), federal tax withholding (11.55%), and state tax

withholding (8.35%). Your housing and fixed expenses are 30% of your realized income per month and you want to save 6 months’ worth in an emergency fund. How much do you need to save?
a) $3,277.17


b) $3,401.55


c) $3,013.95


d) $2,858.59
Mathematics
1 answer:
lisabon 2012 [21]3 years ago
6 0

Answer:

To save 6 months' worth in a fund would be $2858.59.

Step-by-step explanation:

At a wage of $13.70 per hour for a 40 hour work week, your gross pay (not including any taxes or deductions) is $548 per week, or $2192 per month.  Deductions and taxes are 7.65% + 11.55% + 8.35%, for a total of 27.55% that comes out of your gross pay.  $2192 multiplied by 27.55%, or .2755, is $603.90, therefore, in order to find your realized income per month, you must subtract your gross pay by the amount of deductions and tax withholdings:  $2192 - $603.90 = 1588.10.  Another 30% of your realized income is for housing and fixed expenses, or $1588.10 multiplied by 30%, or 0.30, which comes to $476.43.  If you want to save 6 months' of expenses in an emergency fund, simply take your monthly expenses, $476.43, and multiply by 6 = $2,858.59.  

You might be interested in
chad buys peanuts in 2-pound bags.He repackages them into bags that hold 5/6 pound of peanuts.How many 2-pound bags of peanuts s
Juli2301 [7.4K]
Chad would have to buy 2, 2-pound bags of peanuts. So he has 4 pounds in all. 5/6 can go into 4 event.
6 0
3 years ago
Approximately how many hours would someone who earns $7.51 per hour have to work to earn $202.85? 27 30 35 37
DerKrebs [107]
1 hr = 7.51


202.85/7.51= 27.01 hours
5 0
3 years ago
Read 2 more answers
Whats the best definition<br> of slope
yanalaym [24]

Answer:

The slope of a line is a number that defines the direction + steepness of a linear function. It can be found using the formula rise/run.

Step-by-step explanation:

Not sure how to explain this otherwise but that is what the slope is. ^

8 0
3 years ago
Read 2 more answers
Solve for y in the given equation 2y - 24 = 14y <br> Answer are <br><br> 8y <br> -8y<br> -2 <br> 2
ArbitrLikvidat [17]

Answer:

y = -2

Step-by-step explanation:

First, we subtract 2y on both sides:

-24 = 12y

Then, we divide 12 on both sides:

y = -2

And we're done ^^ hope this helps!

6 0
3 years ago
What is the slope of the line shown?
Over [174]

Answer:

-2

Step-by-step explanation:

1) Look at the y-intercept. The line crosses the y-axis at (0,7)

Follow it down, it goes down two and over one to directly intersect the grid.

Rise over run = 2/1

2/1 = 2

However, the line is negative, as it's sloping down from the left to the right, making the slope -2

5 0
3 years ago
Other questions:
  • HELP WILL GIVE BRAINLIEST!!Aditi has $50.00 in her wallet. She buys a shirt for $12.00 and also wants to buy some bracelets that
    13·2 answers
  • The volume V of a rectangular pyramid varies jointly as the area of the base B and the height h. V = 56 m3, when B = 24 m2 and h
    13·2 answers
  • How do you shade 1/4 of a rectangle with 12 equal parts
    12·2 answers
  • The slant height of a regular square pyramid is longer than its altitude.
    9·2 answers
  • How much do a red pepper weight in grams
    7·2 answers
  • A father and his son walked 240 meters. During this trip, the father made 100 fewer steps than did his son. Find the distance ea
    7·1 answer
  • What would be the root of (x^2 + 2)?
    6·1 answer
  • Please I need help with that one ???
    15·1 answer
  • PLEASE HELP !!!!!!!!!!!!
    13·1 answer
  • Jose and Gavin are reading the same book. At the beginning of the month, Jose was
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!