To determine the ratio of federal withholding to take-home pay, we need to calculate the total amount withheld for federal taxes and divide it by the take-home pay.
Federal withholding = $24
Take-Home Pay = $124
Ratio of Federal Withholding to Take-Home Pay:
$24 / $124 = 0.1935
Therefore, the ratio of federal withholding to take-home pay is 0.19 or approximately 19%.
Use the following table to determine the ratio of federal withholding to take-home pay.
Total
(Gross) Pay
Federal
Withholding
State
Withholding
Retirement
Insurance
Savings
Contribution
Take-Home Pay
$233
$24
$20
$28
$16
$21
$124
1 answer