Question
Jamal works at the recreation center 15 hours a week during the school year. He earns $8.75 an hour. In a typical month, he works
Jamal works at the recreation center 15 hours a week during the school year. He earns $8.75 an hour. In a typical month, he works 63 hours.
His Gross Monthly Income is $551.25.
1. What is his Monthly Federal Income Tax (10%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
2. What is his Monthly Social Security (FICA) (6.2%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
3. What is his Monthly Medicare (1.45%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started