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consumer math

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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?

  • consumer math - ,

    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

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