You have direct deposit your job pays you 8.55 per hour and you work 15 hours a week your deductions are FICA 7.65% federal tax withholding 10.4% and state tax withholding 7.7% how much is deposited bi weekly

Answer 1

First, calculate your gross income:

8.55 x 15 = $128.25 per week

Multiply by 2 for a bi-weekly paycheck:

$128.25 x 2 = $256.50

Next, calculate your total deductions:

FICA: 7.65% of $256.50 = $19.63

Federal tax withholding: 10.4% of $256.50 = $26.67

State tax withholding: 7.7% of $256.50 = $19.74

Add up all the deductions:

$19.63 + $26.67 + $19.74 = $66.04

Subtract the total deductions from your gross income:

$256.50 - $66.04 = $190.46

So $190.46 would be deposited bi-weekly into your account through direct deposit.

Answer 2

You have housing and fixed expenses of 631.72 pee m9mths and they are 33% of your realized income what is your realized income per month

Answer 3

To find your realized income per month, you can use the following equation:

Realized income = Housing and fixed expenses / Percentage of realized income allocated to housing and fixed expenses

In this case, we are told that your housing and fixed expenses are 33% of your realized income. Therefore, we can rewrite the equation as:

Realized income = Housing and fixed expenses / 0.33

Plugging in the given value for housing and fixed expenses:

Realized income = $631.72 / 0.33

Realized income = $1,915.27

So your realized income per month is $1,915.27.