Question
You decide to get a part-time job at a local hardware store. The job pays $11.00 an hour and you will work 20 hours a week. Your employer withholds 10% of your gross pay for federal taxes, 5.65% for FICA taxes, and 2.5% for the state tax
How much is withheld for federal taxes
How much is withheld for federal taxes
Answers
GPT-4o mini
To calculate the amount withheld for federal taxes, you'll first need to determine your gross pay for the week.
1. **Calculate weekly gross pay:**
\[
\text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = 11.00 \, \text{dollars/hour} \times 20 \, \text{hours} = 220.00 \, \text{dollars}
\]
2. **Calculate withholding for federal taxes:**
Federal tax withholding is 10% of your gross pay.
\[
\text{Federal Tax Withholding} = 0.10 \times \text{Gross Pay}
\]
\[
\text{Federal Tax Withholding} = 0.10 \times 220.00 = 22.00 \, \text{dollars}
\]
So, the amount withheld for federal taxes is **$22.00**.
1. **Calculate weekly gross pay:**
\[
\text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = 11.00 \, \text{dollars/hour} \times 20 \, \text{hours} = 220.00 \, \text{dollars}
\]
2. **Calculate withholding for federal taxes:**
Federal tax withholding is 10% of your gross pay.
\[
\text{Federal Tax Withholding} = 0.10 \times \text{Gross Pay}
\]
\[
\text{Federal Tax Withholding} = 0.10 \times 220.00 = 22.00 \, \text{dollars}
\]
So, the amount withheld for federal taxes is **$22.00**.