You make $52,800/year as a salaried employee who is paid semi-monthly. Taxes are Federal (15%), FICA (7.65%), and State (3%). You are also having $50/paycheck withheld for health care. What will your realized income be on your next paycheck?

$1,585.70

$1,459.88 ***

$564.30

52800/24 * (1-.15-.0765-.03) - 50 = ?

How did you get your answer?

To calculate your realized income on your next paycheck, we need to deduct taxes, FICA, and the health care premium from your annual salary.

First, calculate your annual salary per paycheck by dividing your annual salary by the number of pay periods in a year. Since you are paid semi-monthly, there are 24 pay periods in a year (12 months x 2).

Annual salary per paycheck = $52,800 / 24 = $2,200.

Next, calculate the tax deductions.

Federal tax = 15% of $2,200 = $330.
FICA = 7.65% of $2,200 = $168.30.
State tax = 3% of $2,200 = $66.

Now, subtract the tax deductions and health care premium from the annual salary per paycheck.

Realized income per paycheck = $2,200 - ($330 + $168.30 + $66 + $50) = $1,585.70.

Therefore, the correct answer is $1,585.70.

To calculate your realized income on your next paycheck, you need to consider the various deductions from your gross salary.

First, determine your gross salary per paycheck:
$52,800/year / 24 pay periods = $2,200/paycheck

Next, calculate the deductions:
1. Tax deductions:
- Federal tax: $2,200 * 15% = $330
- FICA tax (7.65%): $2,200 * 7.65% = $168.30
- State tax: $2,200 * 3% = $66

2. Health care deduction: $50

Now, calculate your net income by subtracting the deductions from your gross salary:
$2,200 - $330 - $168.30 - $66 - $50 = $1,585.70

Therefore, your realized income on your next paycheck will be $1,585.70.

So, the correct answer is option "$1,585.70".