Question

The gross income of Maurice Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is his net income for one week?

Answer 1

The answer is $605.32 dollars.

Answer 2

Gross weekly income of Maurice Vaughn = $785
State tax deduction = 2% of $785
=(2/100) * 785 dollars
= 15.79 dollars
City tax deduction = 1% of $785
= (785/100) dollars
= 7.85 dollars
Retirement fund deduction = 3% of $785
= (3/100) * 785 dollars
= 23.55 dollars
FICA tax deduction = $42.25
Income tax deduction = $90.33
Then
Net income for one week = 785 - (42.25 + 90.33 + 15.79 + 7.85 + 23.55) dollars
= 785 - 179.77 dollars
= 605.23 dollars