Question

A college student, Trey works part time for an annual salary of $13,500 a vear.

Gross Monthly Income
Monthly Federal Income Tax (11.6%)
Monthly Social Security (FICA) (6.2%)
Monthly Medicare (1.45%)
Monthly State Tax (4%) :
Monthly Local Tax (0.1%)-
Total Monthly Deductions
Trev's Nit=

Answer 1

Based on the information provided, Trey's gross monthly income is $1,125 ($13,500 / 12).

Trey's monthly federal income tax is $130.50 ($1,125 x 11.6%).

Trey's monthly Social Security (FICA) tax is $69.75 ($1,125 x 6.2%).

Trey's monthly Medicare tax is $16.31 ($1,125 x 1.45%).

Trey's monthly state tax is $45 ($1,125 x 4%).

Trey's monthly local tax is $1.13 ($1,125 x 0.1%).

The total monthly deductions are $262.69 ($130.50 + $69.75 + $16.31 + $45 + $1.13).

Trey's net monthly income after deductions is $862.31 ($1,125 - $262.69).