Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have a second job that pays $8.50/hr and your deductions are FICA (7.65%), federal tax withholding (11.25%), and state tax withholding (7.25%). If

 

You have a second job that pays $8.50/hr and your deductions are FICA (7.65%), federal tax withholding (11.25%), and state tax withholding (7.25%). If you want to save $220.00/month, how many hours do you need to work at your second job? (Remember to round up to the nearest whole hour.) hours

Step by Step Solution

3.50 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

Solution Particulars Amount Hourly Income 850 Les... 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

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

9780077506902, 78025540, 77506901, 978-0078025549

More Books

Students also viewed these Accounting questions