You make $22.50/hr and work 38 hours each week.  You are paid weekly.  Taxes are Federal (25%), FICA (7.65%), and State (3%).  What is your Gross income on your next paycheck?


$550.19

$855.00

$304.81

 
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Question 4
1 pts
You make $22.50/hr and work 38 hours each week.  You are paid weekly.  Taxes are Federal (25%), FICA (7.65%), and State (3%).  You are also having $30/paycheck withheld for health care.  What is your realized income for your next paycheck?

$825.00

$550.19

$520.19You make $22.50/hr and work 38 hours each week.  You are paid weekly.  Taxes are Federal (25%), FICA (7.65%), and State (3%).  What is your Gross income on your next paycheck?

$550.19

$855.00

$304.81

 
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Question 4
1 pts
You make $22.50/hr and work 38 hours each week.  You are paid weekly.  Taxes are Federal (25%), FICA (7.65%), and State (3%).  You are also having $30/paycheck withheld for health care.  What is your realized income for your next paycheck?

$825.00

$550.19

$520.19

If you post what YOU THINK the answers are, a math tutor may help you soon.

To calculate your gross income on your next paycheck, you need to multiply your hourly rate by the number of hours you worked.

Hourly rate: $22.50
Hours worked: 38

Gross income = Hourly rate x Hours worked
Gross income = $22.50 x 38
Gross income = $855.00

Therefore, your gross income on your next paycheck is $855.00.

To calculate your realized income, you need to subtract the taxes and health care withholdings from your gross income.

Taxes:
Federal tax rate: 25%
FICA tax rate: 7.65%
State tax rate: 3%

Health care withholdings: $30

First, let's calculate the total tax amount:

Total tax amount = (Federal tax rate + FICA tax rate + State tax rate) x Gross income
Total tax amount = (0.25 + 0.0765 + 0.03) x $855.00
Total tax amount = 0.3565 x $855.00
Total tax amount = $304.81

Now, let's calculate the realized income:

Realized income = Gross income - Total tax amount - Health care withholdings
Realized income = $855.00 - $304.81 - $30
Realized income = $520.19

Therefore, your realized income for your next paycheck is $520.19.

So, the correct answer is $520.19.