Question

The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
a. $170.51
b. $202.10
c. $157.61
d. $57.39

Answer 1

Answer is c) $157.61
Gross Income - $215
Deductions- $15.16
FICA Tax- $29.33
State Tax- $215 x 0.02 (2%)
City Tax- $215 x 0.01 (1%) 
Retirement Fund- $215 x 0.03 (3%) 
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                           Total- $57.39 
Gross Income - $215 - $57.39 = $157.61