Chris's gross monthly earning is $3000. Calculate his net pay (take-home pay) by using the deductions below.

Federal Tax: 12%
State Tax: 3%
Local Tax: 1%
Social Security Tax: 6%
Medicare Tax: 6%
A) $2200
B) $2160
C) $840
D) $3000

Respuesta :

Answer:

2160

Step-by-step explanation:

28% of 3000 is 84

3000-840=2160

Chris's net pay (take-home pay) is $2160 if the total tax deduction is $840 option (B) is correct.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

It is given that:

Chris's gross monthly earning is $3000.

The tax applied:

  • Federal Tax: 12%
  • State Tax: 3%
  • Local Tax: 1%
  • Social Security Tax: 6%
  • Medicare Tax: 6%

Total tax applied in percentage = (12 + 3 + 1 + 6 + 6)%

Total tax applied in percentage = 28%

Total tax = 28% of 3000

Total tax = (28/100)3000

Total tax = $840

Take-home after tax deduction = 3000 - 840

Take-home after tax deduction = $2160

Thus, Chris's net pay (take-home pay) is $2160 if the total tax deduction is $840 option (B) is correct.

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