Question

Help with this personal finance problem

Answer 1

Answer: Take home pay

75.49%

$1,283.39

Explanation:

Gross pay

$1,700.00

ChevronIncome taxes

10.95%

$186.09

Federal Income Tax

12%

$123.27

Iowa State Tax

6.25%

$62.82

ChevronFICA taxes

7.16%

$121.72

Social Security

5.8%

$98.65

Medicare

1.36%

$23.07

ChevronPre-tax

6.4%

$108.80

Commuter Parking

6.4%

$108.80

Post-tax

0%

$0.00

Take home pay

75.49%

$1,283.39