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Ratling [72]
4 years ago
6

If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in

all if your gross pay was $1,375.00 and your net income was $725.00?
Mathematics
2 answers:
Marta_Voda [28]4 years ago
5 0

Answer: 6. c $32000/year with a 10% bonus

7. d $283.56

maxonik [38]4 years ago
3 0
Total known withholdings = federal + state + FICA + involuntary
= (12 + 7 + 7.65) % of 1,375 + Involuntary
Net income = gross - withholdings
$725.00 = $1,375.00 - [(12 + 7 + 7.65) % of 1,375 + Involuntary]
Solve for involuntary
725=1375-0.2665×1,375-inv
725=1375-366.4375-inv
Involuntary=1,375−366.4375−725
Involuntary=283.56

Hope it helps
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