contestada

You are paid $7.45/hr at your part-time job. Your deductions are FICA (7.65%), federal tax withholding (10.65%), and state tax withholding (5.7%). Your travel expenses are $5.70 per day worked. You work 12 hours over a 3-day period of time. What is your net income after travel expenses?

Respuesta :

Using proportions, it is found that your net income after travel expenses is of $52.46.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

You work 12 hours, hence the income before taxes is given by:

I = 12 x 7.45 = $89.4.

Considering the three taxes and the travel reduction, the net income will be given by:

N = 0.9235 x 0.8935 x 0.943 x 89.4 - 3 x 5.7 = $52.46.

More can be learned about proportions at https://brainly.com/question/14398287

#SPJ1

Otras preguntas