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jek_recluse [69]
3 years ago
7

Mm 7 You have a part-time job that pays $4.75/hr with tips averaging $4.50/hr. Your deductions are FICA (7.65%), federal tax wit

hholding (12.5%), and state tax withholding (6.85%). You work 20 hours per week.
3. You want to save $40.00/wk, how much is left of your discretionary income per week? Assume that all of the income from your part-time job is discretionary. (1 point) $ wk

4. You decide to save 15% of your realized income. How much do you save per month? (1 point) $ /month​
Mathematics
2 answers:
mihalych1998 [28]3 years ago
8 0

Answer:

<u>Gross weekly income:</u>

  • 20(4.5 + 4.75) = $185.00

<u>Deductions</u>:

  • 180(12.5 + 7.65 + 6.85)/100 = $48.60

<u>Net weekly income:</u>

  • 185 - 48.60 = $136.40

3.

<u>Saving $40, the amount left per week:</u>

  • 136.40 - 40 = $96.40

4.

<u>Saving 15%, the amount saved per month (4 weeks):</u>

  • 136.40*0.15*4 = $81.84
Margaret [11]3 years ago
3 0

Answer:

95.05

81.03

Step-by-step explanation:

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