To calculate your net income, you can follow these steps:
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Calculate Gross Income: \[ \text{Gross Income} = \text{Hourly Wage} \times \text{Hours Worked} \] \[ \text{Gross Income} = 7.75 , \text{USD/hr} \times 11 , \text{hours} = 85.25 , \text{USD} \]
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Calculate Deductions:
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FICA (7.65%): \[ \text{FICA} = \text{Gross Income} \times \frac{7.65}{100} = 85.25 , \text{USD} \times 0.0765 = 6.513625 , \text{USD} \]
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Federal Tax Withholding (10.15%): \[ \text{Federal Tax} = \text{Gross Income} \times \frac{10.15}{100} = 85.25 , \text{USD} \times 0.1015 = 8.653875 , \text{USD} \]
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State Withholding (6.8%): \[ \text{State Tax} = \text{Gross Income} \times \frac{6.8}{100} = 85.25 , \text{USD} \times 0.068 = 5.799 , \text{USD} \]
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Total Deductions: \[ \text{Total Deductions} = \text{FICA} + \text{Federal Tax} + \text{State Tax} \] \[ \text{Total Deductions} = 6.513625 + 8.653875 + 5.799 = 21.9665 , \text{USD} \]
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Calculate Net Income: \[ \text{Net Income} = \text{Gross Income} - \text{Total Deductions} \] \[ \text{Net Income} = 85.25 , \text{USD} - 21.9665 , \text{USD} = 63.2835 , \text{USD} \]
Therefore, your net income after deductions is $63.2835. If you need it rounded to the nearest cent, it would be $63.28.