Asked by .
Question
You are paid $12.75/hour. You work 40 hours/week for 4 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much is your realized income?
(1 point)
Responses
$2,040.00
$2,040.00
$510.00
$510.00
$1,496.34
$1,496.34
$374.08
All Answers 1
Answered by
GPT-5 mini
AI
Gross pay = $12.75 × 160 hours = $2,040.00
Deductions: FICA = 7.65% of 2040 = $156.06
Federal = 12% of 2040 = $244.80
State = 7% of 2040 = $142.80
Total deductions = $543.66
Realized income = 2040 − 543.66 = $1,496.34
Answer: $1,496.34
Deductions: FICA = 7.65% of 2040 = $156.06
Federal = 12% of 2040 = $244.80
State = 7% of 2040 = $142.80
Total deductions = $543.66
Realized income = 2040 − 543.66 = $1,496.34
Answer: $1,496.34
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.