Round to the nearest penny. You earn $13.76/hr part-time and work 10 hrs/wk. Your deductions are FICA 7.65, Federal Tax 9.8% and State Tax 7.13%. You have 75% direct deposited. How much is given to you as a check per week?

1 answer

To calculate your weekly earnings and deductions, we'll follow these steps:

  1. Calculate your gross earnings per week.
  2. Calculate the total deductions based on FICA, Federal Tax, and State Tax.
  3. Calculate your net pay after deductions.
  4. Determine the amount that is direct deposited and the amount that is given to you as a check.

Step 1: Calculate Gross Earnings Per Week

\[ \text{Gross Earnings} = \text{Hourly Rate} \times \text{Hours per Week} = 13.76 , \text{USD/hr} \times 10 , \text{hr/wk} = 137.60 , \text{USD/wk} \]

Step 2: Calculate Deductions

  • FICA: 7.65% of gross pay
  • Federal Tax: 9.8% of gross pay
  • State Tax: 7.13% of gross pay

Calculating each deduction:

  • FICA: \[ \text{FICA} = 137.60 \times 0.0765 = 10.52 , \text{USD} \]
  • Federal Tax: \[ \text{Federal Tax} = 137.60 \times 0.098 = 13.49 , \text{USD} \]
  • State Tax: \[ \text{State Tax} = 137.60 \times 0.0713 = 9.80 , \text{USD} \]

Total Deductions: \[ \text{Total Deductions} = \text{FICA} + \text{Federal Tax} + \text{State Tax} = 10.52 + 13.49 + 9.80 = 33.81 , \text{USD} \]

Step 3: Calculate Net Pay

\[ \text{Net Pay} = \text{Gross Earnings} - \text{Total Deductions} = 137.60 - 33.81 = 103.79 , \text{USD} \]

Step 4: Determine Direct Deposit and Check Amount

  • 75% Direct Deposited: \[ \text{Direct Deposit} = 103.79 \times 0.75 = 77.84 , \text{USD} \]
  • Check Amount (25%): \[ \text{Check Amount} = 103.79 \times 0.25 = 25.95 , \text{USD} \]

Final Answer

The amount given to you as a check per week is $25.95.