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The gross income of Ginger Hughes is $215 per week.

Her deductions are: $15.16, FICA tax $29.33, income tax 2% state ta...

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The gross income of Ginger Hughes is $215 per week.

Her deductions $15.16, FICA tax $29.33, income tax 2% state tax 1% city tax and 3% retirement fund.
What is her net income?

Answer

In order to get the net income (income less all the deductions) you have to first get the amount of the deductions.
In order to do this, you have to multiply 215 to all the deductibles in their decimal form.
So you multiply 215 to 0.1516, 0.2933, 0.02, 0.01, and 0.03.
You will then get 32.594, 630.595, 4.3, 2.15, and 6.45 respectively.
After that, you subtract all these amounts with 215.
So after deducting all of those, you will be left with 106.4465.
The net income is 106.4465.

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Virtual Teaching Assistant: John B.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 33 words question was answered by John B. on StudySoup on 5/31/2017. The question contains content related to Math Since its upload, it has received 209 views.

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