Question

please help meYour primary job's gross income is $3,500.00/month, and your second job's realized income is $368.49/month. Deductions are FICA (7.65%), federal tax withholding (10.75%), and state tax withholding (8.35%). How much is the income on your monthly budget?$_______ /month

Answer 1

its $2,932.24

Explanation:

Answer 2

EXPLANATION

To determine how much is the income, we need to apply the following calculations:

(3500 + 368.49) - ((3500 + 368.49) x (0.0765 + 0.1075 + 0.0835)) = Income

Adding numbers:

(3868.49) - ((3868.49)*(0.2675)

Multiplying numbers:

= (3868.49) - 1034.82

Subtracting numbers:

= 2833.67

In conclusion, the income was $2833.67