Question

Skippy got his first paycheck and his gross pay was $1200. He noticed he paid the federal

government $180, FICA $91.44, and a state tax of $60.
a) How much did he pay in taxes?
b) What percentage of his gross income went to taxes?
c) What is his net pay?

Answer 1

A) he paid $231.44 in taxes. The way I found out is I added all three taxes together which is
91.44
180.00
60.00
+
________
$231.44

B) 19.28% went to taxes. To find the percentage all you have to do is take the total amount of taxes he paid which is 231.44 and divide it by the total amount he got paid before deduction which is 1200 and then you multiply the number you get by 100.

231.44/1200 = (0.1928666)100 = 19.28%

C) $968.56. To find this all you have to do is take the total amount of taxes he paid which is 231.44 and subtract it from the gross pay 1200 and that will give you the net pay.