Question

find the total tax deductions for each of the following weekly paychecks. weekly pay $98.00 $240.00 $150.00. FICA(7.65%)

Answer 1

a)$7.497

b)$18.36

c)$11.475

Explanation:

a) weekly pay $98.00

Tax% = 7.65%

Tax deduction =
`7.65\% * 98`

Tax deduction =
`(7.65)/(100) * 98`

Tax deduction =
`7.497`

b) weekly pay $240.00

Tax% = 7.65%

Tax deduction =
`7.65\% * 240`

Tax deduction =
`(7.65)/(100) * 240`

Tax deduction =
`18.36`

c) weekly pay $150.00

Tax% = 7.65%

Tax deduction =
`7.65\% * 150`

Tax deduction =
`(7.65)/(100) * 150`

Tax deduction =
`11.475`

Answer 2

$7.50; $18.36; $11.48

Explanation:

FICA = 7.65 %

A. Weekly pay $98.00

Tax deduction = 98.00 × 7.65/100

Tax deduction = $7.50

B. Weekly pay $240.00

Tax deduction = 240.00 × 7.65/100

Tax deduction = $18.36

C. Weekly pay $150.00

Tax deduction = 150.00 × 7.65/100

Tax deduction = $11.48