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ashneedhelp

  • one year ago

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?

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  1. ashneedhelp
    • one year ago
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    @Best_Mathematician

  2. Best_Mathematician
    • one year ago
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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

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

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

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

  6. ashneedhelp
    • one year ago
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    736.85 is this correct

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

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

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

  10. electrokid
    • one year ago
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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?

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

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

  13. electrokid
    • one year ago
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    calculate each term independently

  14. ashneedhelp
    • one year ago
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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

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

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

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

  18. electrokid
    • one year ago
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    not right

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

  20. ashneedhelp
    • one year ago
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    24.3

  21. electrokid
    • one year ago
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    times 133.6

  22. ashneedhelp
    • one year ago
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    3246.48

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

  24. ashneedhelp
    • one year ago
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    32.46

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

  26. ashneedhelp
    • one year ago
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    25.2

  27. electrokid
    • one year ago
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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 = ?

  28. ashneedhelp
    • one year ago
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    75.94

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

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

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

  32. ashneedhelp
    • one year ago
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    ok

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

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