Respuesta :
Gross pay $816
Federal tax $92
Social security 0.062 * 816
Social security = $50.59
Medicare tax = 0.195 * 816
Medicare tax = $159.12
State tax = 0.22 * 92
State tax = $20.24
Pay after deductions =
816 - 92 - 50.59 - 159.12 -20.21
= $494.08
Gross pay reduced by:
(816 - 494.08)/816 * 100
= %39.45
Federal tax $92
Social security 0.062 * 816
Social security = $50.59
Medicare tax = 0.195 * 816
Medicare tax = $159.12
State tax = 0.22 * 92
State tax = $20.24
Pay after deductions =
816 - 92 - 50.59 - 159.12 -20.21
= $494.08
Gross pay reduced by:
(816 - 494.08)/816 * 100
= %39.45
Marquis has a gross pay of $816.
1. Social security tax that is 6.2% of his gross pay, find it.
$816 - 100%
$x - 6.2%
Use proportion:
[tex]\dfrac{816}{x}=\dfrac{100}{6.2},\\ \\x=\dfrac{816\cdot 6.2}{100}=\$50.592.[/tex]
2. Medicare tax is 1.45% of his gross pay, then
$816 - 100%
x - 1.45%
Use proportion:
[tex]\dfrac{816}{x}=\dfrac{100}{1.45},\\ \\x=\dfrac{816\cdot 1.45}{100}=\$11.832.[/tex]
3. State tax that is 22% of his federal tax. Federal tax is $92, so
$92 - 100%
x - 22%
Use proportion:
[tex]\dfrac{92}{x}=\dfrac{100}{22},\\ \\x=\dfrac{92\cdot 22}{100}=\$20.24.[/tex]
4. He has a gross pay of $816 and the following items withheld:
- federal tax of $92
- social security tax $50.592
- medicare tax $11.832
- state tax $20.24
- al taxes in total $92+$50.592+$11.832+$20.24=$174.664
Answer: his gross pay will be reduced by $174.664≈$174.66.