Respuesta :
Answer:
The realized income is $1496.34
Step-by-step explanation:
We are given
You are paid $12.75/hour
You work 40 hours/week for 4 weeks
So, firstly we can find total number of worked hours
[tex]=40\times 4[/tex]
[tex]=160[/tex]
now, we can find total income
so, total income is
[tex]=12.75\times 160[/tex]
[tex]=2040[/tex]
we are given deductions as
involuntary deductions are FICA (7.65%)
federal withholding (12%)
state withholding (7%)
we can find total deduction percentage
[tex]=7.65+12+7[/tex]
[tex]=26.65[/tex]%
now, we can find total amount of deduction
[tex]=\frac{26.65}{100}\times 2040[/tex]
[tex]=543.66[/tex]
we know that
realized income = total income - total deduction amount
So, realized income is
[tex]=2040-543.66[/tex]
[tex]=1496.34[/tex]
