Question

Your gross pay is $2,759.00. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much are you allowed for housing and fixed expenses?
(1 point)
Responses

$772.52
$772.52

$993.24
$993.24

$728.54
$728.54

$566.64

Answer 1

First find take‑home pay after involuntary deductions:
Total deduction % = 7.65% + 12% + 7% = 26.65%
Net pay = 2759 × (1 − 0.2665) = 2759 × 0.7335 = $2,023.73

Allowed for housing/fixed expenses = 36% of net:
0.36 × 2,023.73 = $728.54

Answer: $728.54