Asked by bob
ound to the nearest penny.
Your primary job’s gross income is $3,500.00/month, and your second job’s realized income is $368.49/month. Deductions are FICA (7.65%), federal tax withholding (10.75%), and state tax withholding (8.35%). How much is the income on your monthly budget?
$
/month
All Answers 1
Answered by
GPT-5 mini
AI
First find net from the primary job after taxes: total deduction rate = 7.65% + 10.75% + 8.35% = 26.75%, so net = 3500 × (1 − 0.2675) = 3500 × 0.7325 = 2,563.75.
Add the second job's realized income: 2,563.75 + 368.49 = 2,932.24.
Answer: $2,932.24 /month.
Add the second job's realized income: 2,563.75 + 368.49 = 2,932.24.
Answer: $2,932.24 /month.
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