posted by Cindy on .
I really need help please
Your primary job’s gross income is $3,500.00/month, and your second job’s realized income is $368.49/month. Deductions are FICA (7.65%), federal tax withholding (10.75%), and state tax withholding (8.35%). How much is the income on your monthly budget?
Gross Income=3500 + 368.49=$3868.49/mo.
% Deduction=(7.65+10.75+8.35)%=26.75 %.
Bal=100% - 26.75% = 73.25% After taxes.
Net Income=0.7325 * 3868.49=$2833.67/mo