Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Graphical Approach To College Algebra

Authors: John E Hornsby, Margaret L Lial, Gary K Rockswold

6th Edition

0321900766, 9780321900760

More Books

Students also viewed these Mathematics questions