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Help with math question ?
Can i get some help with this i tried it but im not sure the ** is the one i chose
14. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week?
A. $675.32
**B. $749.77
C. $628.77
D. $605.32
3 Answers
- Sean RobertsLv 77 years agoFavorite Answer
Gross income_____ $785.00
Less FICA__________-42.25
Less income tax_____-90.33
Less state taxª ______-15.70
Less city tax ² _______-7.85
Less retirement fund³_-23.55
---------------------------------------
David's net income__$605.32
=======================
ª$785 * .02 = $15.70
²$785 * .01 = _$7.85
³$785 * .03 = $23.55
- Anonymous7 years ago
You should figure out the dollar amounts for the 2%, 1% and 3% charges. (Weekly rate multiplied by % will equal the dollar amount.)
Then deduct that amount from the $785 along with the FICA and Income taxes listed in the problem. The one you have indicated is not the correct answer.
- GeezGuysLv 67 years ago
You need to know how to calculate percentages.....1% of a number is .01 x the number. So 2% of 785 would be .02 x 785 = 15.17. Calculate all the percentages and then subtract them from 785. Then subtract the FICA tax and income tax, and that'll be your net income.
