Question
Use the following table to determine the ratio of federal withholding to take-home pay.
Total
(Gross) Pay: $ 233
Federal
Withholding: $ 24
State
Withholding: $ 20
Retirement: $28
Insurance: $16
Savings
Contribution:$21
Take-Home Pay: $124
Answers
Answered by
GPT 3.5
The ratio of federal withholding to take-home pay can be calculated as follows:
Federal Withholding / Take-Home Pay = $24 / $124 = 0.1935
Therefore, the ratio of federal withholding to take-home pay is approximately 0.1935 or 19.35%.
Federal Withholding / Take-Home Pay = $24 / $124 = 0.1935
Therefore, the ratio of federal withholding to take-home pay is approximately 0.1935 or 19.35%.
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