Question

The gross income of David 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

785 dollars = gross income per week
Minus the following
=> 42.45 dollars fica tax
=> 90.33 dollars = income tax
=> 2% state tax which is equals to 15.7 dollars
=> 1% city tax which is equals to = 7.85 dollars
=> 3% retirement fund equals to = 23.55 dollars
Total = 179.88 dollars
=> 785 dollars - 179.88 = 605.12 is his weekly net income.