Question

calculate take-home pay after taxes for a bi-weekly gross income of $1,325 and a 12.5% tax rate

Answer 1

To calculate take-home pay after taxes for a bi-weekly gross income of $1,325 with a 12.5% tax rate, follow these steps:

1. **Calculate the total taxes withheld**:
\[
\text{Taxes} = \text{Gross Income} \times \text{Tax Rate} = 1,325 \times 0.125 = 165.625
\]

2. **Calculate the take-home pay**:
\[
\text{Take-Home Pay} = \text{Gross Income} - \text{Taxes} = 1,325 - 165.625 = 1,159.375
\]

So, the take-home pay after taxes is approximately **$1,159.38**.