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3 years ago

Roughly how much money does the federal government spend each year

History

2 answers:

Butoxors [25]3 years ago

7 0

in 2015 it was $3.8 trillion so it's at least in the trillions that the federal government spends each year.

Hope this helps

God bless u

- Kayla <3

Karolina [17]3 years ago

6 0

<h3>✽ - - - - - - - - - - - - - - - ~<u>Hello There</u>!~ - - - - - - - - - - - - - - - ✽</h3>

➷ The value is approximately $4 trillion

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

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Humans migrated to the following areas in which order? Use the map.

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2: What did most settlers move to the frontier?

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3 years ago

A college student, trey works part time for an annual salary of $13,500 a year. What is his monthly taxes?

Temka [501]

Answer:

Gross monthly income:$1,125

Monthly Federal income tax (11.6%): $130.50

Monthly Social security (FICA) (6.2%): $69.75

Monthly Medicare (1.45%): $16.3125

Monthly State Tax (4%): $45

Monthly Local Tax (0.1%): $1.125

Total Monthly deductions $262.6875

Trey’s NMI $862.3125

Explanation:

Calculation for What is his monthly taxes

First step is to calculate the Gross monthly income

Using this formula

Gross monthly income=Annual salary/Numbers of months in a year

Let plug in the formula

Gross monthly income=$13,500/12 months

Gross monthly income=$1,125

Therefore the Gross monthly income is :$1,125

Monthly Federal income tax (11.6%): $130.50

($1,125*11.6%)

Monthly Social security (FICA) (6.2%): $69.75

($1,125*6.2%)

Monthly Medicare (1.45%): $16.3125

($1,125*1.45%)

Monthly State Tax (4%): $45

($1,125*4%)

Monthly Local Tax (0.1%): $1.125

($1,125*0.1%)

Total Monthly deductions $262.6875

($130.50+$69.75+$16.3125+$45+$1.125)

Trey’s NMI $862.3125

Trey’s NMI=Gross monthly income-Total Monthly deductions

Trey’s NMI=$1,125-$262.6875

Trey’s NMI=$862.3125

Therefore his monthly taxes are:

Gross monthly income:$1,125

Monthly Federal income tax (11.6%): $130.50

Monthly Social security (FICA) (6.2%): $69.75

Monthly Medicare (1.45%): $16.3125

Monthly State Tax (4%): $45

Monthly Local Tax (0.1%): $1.125

Total Monthly deductions $262.6875

Trey’s NMI $862.3125

3 0

3 years ago

Roughly how much money does the federal government spend each year​

Roughly how much money does the federal government spend each year