Question

help ! ! ! !
You are paid $7.75/hr at your part-time job and your deductions are FICA (7.65%), federal tax withholding (10.15%), and state tax withholding (6.8%). You work 11 hours. How much is your net income?

Answer 1

first ...how do you find how much you made?

Answer 2

multipl 7.75*11 ?

Answer 3

yes exactly ..sorry i was afk emergency

Answer 4

so go ahead and multiply that

Answer 5

85.25

Answer 6

right ?

Answer 7

yes that is right ...now to get the tax total what do you need to do?

Answer 8

idk

Answer 9

you add all the tax together bc you want to add the tax at the same time

Answer 10

24.60

Answer 11

so i subtract 24.60 from 85.25

Answer 12

24.60 percent ...is actually .2460 and no ..you need to multiply it ...and then subtract what you get from the total

Answer 13

so i multiply 85.25 *.2460 then subtract that from ?

Answer 14

which is 20.97

Answer 15

the total amount of income...you multiply it to find out how much total tax there is ....bc the decimal is a percent
and you want to take off the percentage of the total

Answer 16

so 85.25- 20.97 is my net income right !

Answer 17

yep :) if thats how much tax you got

Answer 18

Idk if its right tho i multiplied 85.25 *.2460 and got 20.97 then i subtracted 85.25-20.97

Answer 19

Is that right

Answer 20

yep should be

Answer 21

it is thnks

Answer 22

yep