Question

Your primary job’s gross income is $3,568.73/month. Deductions are FICA (7.65%), federal tax withholding (11.5%), and state tax withholding (7.8%). How much are your fixed expenses if they are 36% of your realized income?

Answer 1

First, find your Realized Income by multiplying your gross income 1 minus each of the deductions. Then take this answer and multiply it by the percentage for the Fixed Expenses. This is your answer.

Answer 2

@kelliegirl33 @killerdime20

Answer 3

@cecormier

Answer 4

@mathmate @tylermcmullen23

Answer 5

Since you have a proposed strategy, I would like to see you work it out and will be glad to check your answer.

Answer 6

im thinking we should take $3,568.73 and subtract the percentages and stuff then get the answer

Answer 7

Good! Then what is your question?

Answer 8

@mathmate question...??? lol do you mean answer??

Answer 9

@tylermcmullen23
Yes and no. I see hesitation in getting the answer using the proposed strategy, so there might be a doubt somewhere.

Answer 10

@tylermcmullen23
Answers are not important to me in any case. It's whether the person understands how to solve the problem correctly. The computer asking the question is responsible for checking the answer.

Answer 11

ahh i see

Answer 12

208.08 i got as my answer

Answer 13

@tylermcmullen23
Do you have time to help @brittanydosey finish the problem, I have to go.

Answer 14

yeah, @mathmate. no problem

Answer 15

@brittanydosey brb ok?

Answer 16

ok

Answer 17

@tylermcmullen23
thkx

Answer 18

ok @brittanydosey

Answer 19

since you are given the percentages to deduct from the gross income, did you multiply each percent by the gross income to find out how much to subtract from it?

Answer 20

no hold on, sorry was doing something.

Answer 21

i already got it thanks hun ^.^

Answer 22

good. ^.^ no problem tho :)