Asked by tscott

You are still debating about the two different computers. If you are paid $10.00/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?

a new computer for $800.00 or a refurbished computer with the same equipment for $640.00
Answered by tscott
please add steps as well! ;)
Answered by henry2,
100% - (7.65+12+8)% = 100% - 27.65% = 72.35%.
0.7235 * 10 = $7.24/h, net.
T = 800/7.24 = ___ Hours.
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