Question

your primary jobs gross income is 3468.73/month deductions are fica (7.65%) federal tax witholding (11.5%) and state tax withholding (7.8%) how much are your ficed expenses if they are 36% of your relized income

Answer 1

sierah907 Your primary job’s gross income is $3,468.73/month. Deductions are FICA (7.65%), federal tax withholding (11.5%), and state tax withholding (7.8%). How much are your fixed expenses if they are 36% of your realized income?


$1,388.65


$814.92


$912.21


$1,068.57





To get your realized income you: add your deductions which equals to a total of 26.95%.

Then you subtract that amount from your gross income.
(3468.72 - 26.95% = 2533.91)

After that you need to find what 36% of your realized income equals to:

and it equals to, 912.20.

Therefore, your answer is C.




Answer 2:

our deductions are 7.65% , 11.5% and 7.8% . Total 26.95% .

So deduct that from your Gross . $3468.73 - 26.95% leaves you with $ 2533.91.
That's your Realized Income . $2533.91 .

So you need to find 36% of that . It's $912.20.

And that is your answer . Your fixed expenses are $ 912.20 .

Answer 2

$912.21

Explanation:

Your primary jobs gross income = $3468.73

All deductions 7.65% (fica) + 11.5% (federal) + 7.8% (state tax) = 26.95%

Income after deductions = 3468.73 - ( 26.95% × 3468.73 )

= 3468.73 - (0.2695 × 3468.73)

= 3468.73 - 934.82

= $2,533.91

Fixed expenses on your realized income = 36%

Fixed expenses = 36% × 2,533.91

= 0.36 × 2,533.91

= $912.2076 ≈ $912.21

Fixed expenses are $912.21