40*9.25 = 370.00
The deductions are
.0765*370 = 28.31
.12*370 = 44.40
.08*370 = 29.60
But, what's discretionary? The taxes and slacks are mandatory, but the transportation and lunches could be adjusted if necessary. So, I'd say 247.74
Hmmm. Maybe transportation is also required, so that would leave 221.49
Hmmm. Maybe you need to review what's considered discretionary. Oh, and check my math...
Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $9.25/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $5.25/day, lunch at $3.85/day, and black slacks required for work at $19.95. How much is your discretionary income for the week?
I come out with $201.84, 221.49, 249.80 - I just can't get it...
• $324.50
• $304.55
• $222.19
• $202.24
5 answers
Guess what, my 12 year old granddaughter figured it out when she got home from school -- she is a math wiz -- Got $202.24. Discretionary is what is left over. I try to help my 11th grade GD but could not figure this one out.
Steve discretionary is basically your "wants" rather than your "needs" I believe. So for example... I want a dang Nintendo switch but don't actually need it.
The correct anwser is 202.24
202.24
0 answers