Question

2b) Fill in the table below. Use your answer from 2c) to fill in the Health Insurance Deduction.


Annual Amount Weekly Amount
Gross Income $60,000.00
Health Insurance Deduction
Federal income tax
FICA (7.65%)
State (3%)

c) Find your net pay per week.
Net Pay = Gross Pay – Total Deductions

d) Find your Take-Home percent of gross pay.

Answer 1

What's the Gross?

Answer 2

I have no idea ;~;

Answer 3

$60000

Answer 4

do you mean gross income? cause that's 60,000 o:

Answer 5

So Federal Income takes 7.65% and state takes %5, so what's left now?

Answer 6

i though state was 3%?x: and i think to fill in Health Insurance Deduction and Federal income tax

Answer 7

Oh yes, sorry, new keyboard typo, State wants 3% of your $60000.

Answer 8

3% of 60,000 is 1800 right?

Answer 9

1800, correct

Answer 10

yup

Answer 11

so do i put 1800 in the annual amount column for where is says state 3%?

Answer 12

Yes, weekly payments would likely be \(\dfrac{$1800}{52weeks}\), but it may be 50 weeks with 2 weeks vacation, or something. I feel like we're missing some info in this question.

Answer 13

@doc.brown is smart.

Answer 14

I just did my taxes last week. It's still fresh.

Answer 15

so for the FICA (7.65%) i would just do 7.65% of 60000 and get 4590 for the annual then divide that by like 50 weeks?o:
But i do agree with OrangeMaster you are super smart

Answer 16

Well, chop it up how you like, every year you make $60000, the State wants $1800, FICA wants $4590, Fed. Income wants some, and Health Insurance wants some.
How much for each? We don't know without some more information.

Answer 17

so this is as much as i can fill in for it?o: