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

Answer 1

To calculate the amount withheld for federal taxes, first, we need to determine your gross pay per week.

1. **Calculate Gross Pay:**
- Hourly wage: $11.00
- Hours worked per week: 20

\[
\text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = 11.00 \, \text{USD/hour} \times 20 \, \text{hours} = 220.00 \, \text{USD}
\]

2. **Calculate Federal Taxes Withheld:**
- Federal tax withholding rate: 10%

\[
\text{Federal Taxes Withheld} = \text{Gross Pay} \times \text{Federal Tax Rate}
\]
\[
\text{Federal Taxes Withheld} = 220.00 \, \text{USD} \times 0.10 = 22.00 \, \text{USD}
\]

Therefore, the amount withheld for federal taxes is **$22.00**.