Question

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 withholding (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?

Answer 1

PLEASE HELP ME !

Answer 2

well its just computations
income per hr = 4.75 + 4.5 = 9.25
multiply by 20 --> 185
subtract taxes:
total tax rate = .0765 +.125 +.0685 = .27

--> 185 - (.27)(185) = 135.05

subtract 40 for savings
--> 135.05 - 40 = 95.05

Answer 3

THANKS VERY MUCH

Answer 4

yw