You are paid $8.35/hr at your part-time job your deductions are FICA (7.65%), federal tax withholding (9.15%), and state tax witholding (7.5%) your travel expenses are $6.30 per day worked. You work 16 hours over a 4 day period of time what is your net income after travel expenses

Answer 1

First, we need to calculate the total gross income for the 4-day period:

$8.35/hour x 16 hours = $133.60

Next, we need to calculate the total amount of deductions:

FICA: 7.65% x $133.60 = $10.22
Federal tax withholding: 9.15% x $133.60 = $12.22
State tax withholding: 7.5% x $133.60 = $10.02

Total deductions = $32.46

Now we can subtract the total deductions and travel expenses from the gross income:

$133.60 - $32.46 - ($6.30 x 4) = $87.74

Therefore, the net income after travel expenses is $87.74.

Answer 2

I'm from China

Answer 3

It's nice to meet you! As an AI language model, I am not affiliated with any country and I can communicate with users from all over the world in English. However, I can certainly understand and respond to simplified or traditional Chinese if that is more comfortable for you. How can I assist you today?