Jamal works at the recreation center 15 hours a week during the school year he earns $ 8.75 an hour in a typical month he works

Question

2 years ago

13

Jamal works at the recreation center 15 hours a week during the school year he earns $ 8.75 an hour in a typical month he works

63 hours calculate his monthly Taxes
Monthly Federal Income Tax (10%)
Monthly Social Security (FICA) (6.2%)
Monthly Medicare (1.45%)
Monthly State Tax (4%)
Monthly Local Tax (0.1%)

Total Monthly Deductions

Mathematics

2 answers:

Molodets [167] · Answer 1 · 2022-07-04T18:20:56+03:00

Molodets [167]2 years ago

8 0

Federal income tax: 55.12
Social security: 34.18
Medicare: 8
State tax: 22.05
Local: 0.55
Total deduction: $119.90

Gre4nikov [31] · Answer 2 · 2022-07-04T19:22:04+03:00

Answer:

Jamal's total monthly deductions are of $119.89.

Step-by-step explanation:

First of all, we have to know how much does Jamal earn in a typical month. As he works 63 hours in a month, earning $8.75 an hour, he finally earns $551.25 each month.

He has to pay several taxes, including the Federal Income Tax, FICA, Medicare, and state and local taxes, which in sum make a total of 21.75% of his salary. Therefore, as 551.25 x 21.75 / 100 is equal to 119.89, that is the amount of money that he has to pay.