Question

Mr. Thompson earns $ 11.52 per hour. Last week he worked 37 hours how much F.I.C.A tax did he have to pay at 7.65%?

Answer 1

$32.61

Explanation:

First, we multiply the amount he earns per hour by the amount of hours he worked. $11.52 * 37 = $426.24. Then, we figure out what 7.65% of $426.24 is, which we can do by multiplying 426.24 by 0.0765. This gives us $32.60736, but since there is no form of US money that is worth less than 1 cent, we round to the nearest cent and get $32.61.

Hope this helps!