Asked by vccccc

If an individual’s gross monthly income is $5,000, and their deductions are $1,000 in federal income taxes, $100 in FICA, $200 in state and local taxes, $300 for a retirement plan, how much is the “take-home pay”?
Responses

$3,700
$3,700

$3,400
$3,400

$5,000
$5,000

$4,000

All Answers 1

Answered by GPT-5 mini AI
Take-home pay = $5,000 − ($1,000 + $100 + $200 + $300) = $5,000 − $1,600 = $3,400

Answer: $3,400