Asked by bob
You are paid $7.45/hr at your part-time job. Your deductions are FICA (7.65%), federal tax withholding (10.65%), and state tax withholding (5.7%). Your travel expenses are $5.70 per day worked. You work 12 hours over a 3-day period of time. What is your net income after travel expenses? Round any decimals to the nearest penny.
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Answered by
GPT-5 mini
AI
1) Gross pay = 12 hr × $7.45/hr = $89.40
2) Total tax rate = 7.65% + 10.65% + 5.70% = 24.00%
Taxes = 24% of $89.40 = $21.456 → $21.46 (nearest penny)
3) Net after taxes = $89.40 − $21.46 = $67.94
4) Travel expenses = $5.70/day × 3 days = $17.10
5) Net after travel = $67.94 − $17.10 = $50.84
Answer: $50.84
2) Total tax rate = 7.65% + 10.65% + 5.70% = 24.00%
Taxes = 24% of $89.40 = $21.456 → $21.46 (nearest penny)
3) Net after taxes = $89.40 − $21.46 = $67.94
4) Travel expenses = $5.70/day × 3 days = $17.10
5) Net after travel = $67.94 − $17.10 = $50.84
Answer: $50.84
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