If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $1,375.00 and your net income was $725.00? (1 point) Responses $366.44 $366.44 $650.00 $650.00 $193.21 $193.21 $283.56 $283.56
To find the total amount of involuntary withholdings, we first need to calculate the total taxes withheld.
Federal taxes: 12% of $1,375 = $165.00
State taxes: 7% of $1,375 = $96.25
FICA: 7.65% of $1,375 = $105.19
Total taxes withheld: $165.00 + $96.25 + $105.19 = $366.44
The correct answer is therefore $366.44.