Question

You are still debating about the two different computers. If you are paid $15.00/hour and your deductions are FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the new computer? Be sure to include the following in your response: The answer to the original question. The mathematical steps for solving the problem demonstrating mathematical reasoning.

Answers

Steve
well, without knowing the prices, it's hard to say. However, your net pay per hour is

15(1-.0765-.12-.08) = $10.8525

Related Questions