A high school student working part-time as a cashier had a gross income of $8125 last year. If her federal tax rate was 10% and
her state tax rate was 4.35%, what was the amount withheld from her pay last year in federal tax, state tax, and FICA combined?
2 answers:
8125(10/100)+8125(4.35/100)
8125(10/100+4.35/100)
8125(14.35/100)
1165.9375 money is almost always rounded to the next cent...
$1165.94
The student made $8125
(Federal) 10% of $8125 = $812.5
(State) 4.35 of $8125 = $353.44
$812.5 + $353.44
= $1165.94 for federal and state combined.
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