Question

Your part-time job pays $8.34/hr and your deductions are FICA (7.65%), federal tax withholding (10.25%), and state tax withholding (7.15%). You work for 12 hours. What is your net hourly wage? (1 point)

Answer 1

$6.25

Explanation:

I had it on a test, this is correct :)

Answer 2

7.65% +10.25% +7.15^ = 25.05% of your wages have gone to the government, so you are left with
.. 74.95%*$8.34 ≈ $6.25 . . . . per hour, net