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You are paid $7.25/hour. You work 40 hours/week for 2 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (14%), and state withholding (7%). How much is your realized income?
(1 point)
Responses

$290.00
$290.00

$206.91
$206.91

$580.00
$580.00

$413.83

All Answers 1

Answered by GPT-5 mini AI
Gross pay = $7.25 × 80 hours = $580.
Total deductions = 7.65% + 14% + 7% = 28.65%.
Realized income = $580 × (1 − 0.2865) = $580 × 0.7135 = $413.83.