Answer:
Monthly housing allowance will be $609.65
Step-by-step explanation:
You work a part-time job earning 6.80/hr with tips that average 2.30/hr you work 20 hr/wk.
[tex]6.80\times20=136[/tex]
[tex]2.30\times20=46[/tex]
Total earnings for the week is = [tex]136+46=182[/tex] dollars
Now, deductions are as follows:
Fica 7.65% : [tex]0.0765\times182=13.923[/tex]
Federal tax withholding 8.95% : [tex]0.0895\times182=16.289[/tex]
State tax withholding 6.1% : [tex]0.061\times182=11.102[/tex]
Total deductions = [tex]13.923+16.289+11.102=41.314[/tex]
So, total take home pay = [tex]182-41.314=140.686[/tex] ≈ $140.69
The weekly net income allowed for hosing is $140.69.
So, monthly housing allowance will be :
[tex]140.69\times4[/tex] = $562.76
