Question
Forest is a full-time employee in Marlboro, South Dakota, who earns $58,450 annually, paid biweekly. His federal income tax is $287.00. What is the maximum
Forest is a full-time employee in Marlboro, South Dakota, who earns $58,450 annually, paid biweekly. His federal income tax is $287.00. What is the maximum amount that may be withheld from his pay for a child-support garnishment, assuming he is not in arrears and is not supporting another spouse? (Do not round intermediate calculations, only round final answer to two decimal points.)
$1,162.91
$894.55
$984.00
$1,073.46 this is the correct answer
ANSWER:
Annual Salary $58,450
Bi-weekly pay $2,248.08
Federal Income Tax $287.00
FICA $171.98
Disposable Income $1,709.10
Max Garnishment $1,073.46
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