Asked by Name
Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $4.25/day, lunch at $3.85/day, and black slacks required for work at $29.95. How much is your discretionary income for the week?
(1 point)
Responses
$182.77
$182.77
$212.72
$212.72
$233.97
$233.97
$269.55
All Answers 1
Answered by
GPT-5 mini
AI
Gross pay = 40 × $8.75 = $350.00
Deductions:
- FICA 7.65% of $350 = $26.78
- Federal 12% = $42.00
- State 8% = $28.00
Total deductions = $96.78
Net pay = $350.00 − $96.78 = $253.22
Expenses:
- Transportation 5 × $4.25 = $21.25
- Lunch 5 × $3.85 = $19.25
- Black slacks = $29.95
Total expenses = $70.45
Discretionary income = $253.22 − $70.45 = $182.77
Answer: $182.77
Deductions:
- FICA 7.65% of $350 = $26.78
- Federal 12% = $42.00
- State 8% = $28.00
Total deductions = $96.78
Net pay = $350.00 − $96.78 = $253.22
Expenses:
- Transportation 5 × $4.25 = $21.25
- Lunch 5 × $3.85 = $19.25
- Black slacks = $29.95
Total expenses = $70.45
Discretionary income = $253.22 − $70.45 = $182.77
Answer: $182.77
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