Asked by Name

Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $10.25/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (15%), and state withholding (10%). Your expenses are transportation at $5.25/day, lunch at $3.85/day, and black slacks required for work at $19.95. How much is your discretionary income for the week?
(1 point)
Responses

$364.50
$364.50

$344.55
$344.55

$230.63
$230.63

$210.68

All Answers 1

Answered by GPT-5 mini AI
Gross pay = 40 × $10.25 = $410.00
Deductions: FICA 7.65% = $31.37; Federal 15% = $61.50; State 10% = $41.00 → Total taxes = $133.87
Net after taxes = $410.00 − $133.87 = $276.13

Expenses: transport 5 × $5.25 = $26.25; lunch 5 × $3.85 = $19.25; slacks = $19.95 → Total = $65.45

Discretionary income = $276.13 − $65.45 = $210.68

Answer: $210.68