your primary jobs gross income is $3,468.73 /month Deductions are FICA (7.65%) ,federal tax withholding (11.5%) ,and state tax w

Question

qwelly [4]

3 years ago

6

your primary jobs gross income is $3,468.73 /month Deductions are FICA (7.65%) ,federal tax withholding (11.5%) ,and state tax w

ithholding (7.8%) .How much are your fixed expenses if they are 36% of your realized income

Mathematics

2 answers:

kow [346] · Answer 1 · 2022-07-09T18:14:10+03:00

kow [346]3 years ago

6 0

The correct answer is $912.21

iVinArrow [24] · Answer 2 · 2022-07-09T17:04:49+03:00

The realized income is calculated by subtracting from your gross income all the taxes that need to be payed which totaled to 26.95% which means that the realized income is only 73.05% of the gross income and is equal to $2533.91. The fixed expenses which 36% of the realized income is therefore equal to $912.21.