If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 8%, how much are your involuntary withholdings in all if your gross pay was $1,375?

Answer 1

First, we need to calculate the amount withheld for federal taxes:

$1,375 x 0.12 = $165

Next, we calculate the amount withheld for state taxes:

$1,375 x 0.07 = $96.25

Then, we calculate the amount withheld for FICA:

$1,375 x 0.08 = $110

Finally, we add up all the involuntary withholdings:

$165 + $96.25 + $110 = $371.25

Therefore, your involuntary withholdings in all would be $371.25 if your gross pay was $1,375.