Question

Using the table below, what is Xavier's take home pay

Answer 1

The answer is B
All you have to do is add the federal income tax + FICA + disability insurance + life insurance that’s how you get your answer and subtract what you got from the annual salary! :))))

Answer 2

Answer : The correct option is, (B) $21,477

Step-by-step explanation :

Formula used :

Net income = Gross income - (required deductions  + optional deductions)

Given :

Gross income of Xavier's = $32,000

Federal income tax = $6400

FICA = $2448

Disability insurance = $1600

Life insurance = $75

First we have to calculate the deduction income of Xavier's.

Deduction income of Xavier's = Federal income tax + FICA + Disability insurance + Life insurance

Deduction income of Xavier's = $6400 + $2448 + $1600 + $75

Deduction income of Xavier's = $10523

Now we have to calculate the net income of Xavier's.

Net income = Gross income - (required deductions  + optional deductions)

Net income = $32,000 - $10,523

Net income = $21,477

Therefore, the net income Xavier's take home pay is, $21,477