Question

You just got a job a whataburger. You make $8 an hour. You are able to work 20 hrs a week. You plan on working for 1 year to save up for a car. The used car you want will cost $7000? The government takes about 5.65% out of your check for FICA. Will you have enough money to buy your car.​

Answer 1

Yes, you can buy the used car with $849.92 left over.

Explanation:

20 hours per week for 52 weeks = 1040 hours

1040 hours at $8 = $8320 per year

FICA = 8320 x 0.0565 = $470.08

8320 - 470.08 = $7849.92