The gross income of Ginger Hughes is $215 per week. Her deduction are $15.16,$29.33, state tax 2%, city tax 1%, and retirement fund 3%. What is her net income
The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. [ $157.61 is her net income.
Solution:
$215.00 - ($15.16 + $29.33 + $215.00[2% + 1% + 3%]);
$215.00 - ($44.49 + $215.00[6%]);
$215.00 - ($44.49 + $12.90)
$215.00 - $57.39 = $157.61. ]
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Asked 6/22/2022 3:49:15 PM
Updated 219 days ago|8/17/2024 5:53:50 AM
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