Question

A high school student working part-time as a cook had a gross income of $7650 last year. If his federal tax rate was 10% and his state tax rate was 5.3%, what was the amount withheld from his pay last year in federal tax, state tax, and FICA combined?

Answer 1

Okay, anyhow, I'm doing to go on FICA as 6.2%

So the total amount in taxes last year was: (Gross*Fed)+(gross*State)+(Gross*FICA)

= (7650*.1)+(7650*.053)+(7650*.062) = $1644.75 total withheld last year.

Answer 2

thanks so much

Answer 3

No problem kiddo.