You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00.

Question

1 year ago

7

You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00.

If you are paid $10.00/hour and your deductions are FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the new computer?
111 hours

98 hours

87 hours

Mathematics

1 answer:

Naily [24] · Answer 1 · 2023-07-02T16:08:13+03:00

Naily [24]1 year ago

7 0

Total deduction

7.65+12+8
19.65+8
27.65%

Now

Earnings after deduction

10-10(0.2765)
10-2.765
7.335$

Total hours:-

640/7.335
87.25
87hours