Question

Use the following table to determine the ratio of federal withholding to​ take-home pay.
Total
​(Gross) Pay
Federal
Withholding
State
Withholding
Retirement
Insurance
Savings
Contribution
​Take-Home Pay
​$233
​$24
​$20
​$28
​$16
​$21
​$124

Answer 1

To determine the ratio of federal withholding to take-home pay, we need to calculate the total amount withheld for federal taxes and divide it by the take-home pay.

Federal withholding = $24
Take-Home Pay = $124

Ratio of Federal Withholding to Take-Home Pay:
$24 / $124 = 0.1935

Therefore, the ratio of federal withholding to take-home pay is 0.19 or approximately 19%.