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ashneedhelp

You are paid $8.35/hr at your part-time job. Your deductions are FICA (7.65%), federal tax withholding (9.15%), and state tax withholding (7.5%). Your travel expenses are $6.30 per day worked. You work 16 hours over a 4-day period of time. What is your net income after travel expenses?

  • one year ago
  • one year ago

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  1. ashneedhelp
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    @Best_Mathematician

    • one year ago
  2. Best_Mathematician
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    this are the same exact questions. What you need is simply change the values. try to do something by your own. i helped you with this type of questions, use the same approach as i did

    • one year ago
  3. ashneedhelp
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    i dont know how to set it up

    • one year ago
  4. Best_Mathematician
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    first count your total income then subtract the deductions and then subtract travel expenses

    • one year ago
  5. electrokid
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    \[ I_n=\text{income}-\text{deductions}\\ I=$8.35{\rm/hr}\times16{\rm hr}=$133.6\\ I_n=$133.6-\left[{(7.65+9.15+7.5)\over100}\times$133.6-$6.30\times4\right]\\ I_n=? \]

    • one year ago
  6. ashneedhelp
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    736.85 is this correct

    • one year ago
  7. ashneedhelp
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    @electrokid is this correct

    • one year ago
  8. electrokid
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    wait.. my bad.. the last sign should have been plus \[ I_n=$133.6-\left[{(7.65+9.15+7.5)\over100}\times$133.6\color{red}{+}$6.30\times4\right]\\ \]

    • one year ago
  9. ashneedhelp
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    and can u help me with 4 other questions

    • one year ago
  10. electrokid
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    also, the maximum yiu get paid is $133.6, of which you take out the deductions. how can you end up with more than $133.6?

    • one year ago
  11. ashneedhelp
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    do i divide by 100 or ?

    • one year ago
  12. electrokid
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    what do you mean?

    • one year ago
  13. electrokid
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    calculate each term independently

    • one year ago
  14. ashneedhelp
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    7.65+9.15+7.5 over 100 do i divide it by 100 or how do i do that portation

    • one year ago
  15. electrokid
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    what portation? whenever you see a percent, you divide that by 100

    • one year ago
  16. electrokid
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    so, to convert the total percent deduction, you add the percentages and divide it by 100

    • one year ago
  17. ashneedhelp
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    ok so i got 21.45

    • one year ago
  18. electrokid
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    not right

    • one year ago
  19. electrokid
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    7.65+9.15+7.5 = ?

    • one year ago
  20. ashneedhelp
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    24.3

    • one year ago
  21. electrokid
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    times 133.6

    • one year ago
  22. ashneedhelp
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    3246.48

    • one year ago
  23. electrokid
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    ok. divided by 100

    • one year ago
  24. ashneedhelp
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    32.46

    • one year ago
  25. electrokid
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    nice. this was the tax deductions now the third piece, daily travel expenses = 6.3 times 4

    • one year ago
  26. ashneedhelp
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    25.2

    • one year ago
  27. electrokid
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    nice. now, from the total un-cut wages of $133.6, tax and travel costs are to be deducted you are left with = 133.6 - 32.46 - 25.2 = ?

    • one year ago
  28. ashneedhelp
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    75.94

    • one year ago
  29. electrokid
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    good. that is your net income.

    • one year ago
  30. ashneedhelp
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    can you help me with 4 other question

    • one year ago
  31. electrokid
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    attempt them with the same steps. me or someone else would be glad to cehck it for ya/

    • one year ago
  32. ashneedhelp
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    ok

    • one year ago
  33. electrokid
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    the best thing to do would be to post em as new questions so others can follow it too

    • one year ago
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