your primary jobs gross income is 3468.73/month deductions are fica (7.65%) federal tax witholding (11.5%) and state tax withholding (7.8%) how much are your ficed expenses if they are 36% of your relized income
Accepted Solution
A:
sierah907
Your primary job’s gross income is $3,468.73/month. Deductions are FICA (7.65%), federal tax withholding (11.5%), and state tax withholding (7.8%). How much are your fixed expenses if they are 36% of your realized income?
$1,388.65
$814.92
$912.21
$1,068.57
To get your realized income you: add your deductions which equals to a total of 26.95%.
Then you subtract that amount from your gross income. (3468.72 - 26.95% = 2533.91)
After that you need to find what 36% of your realized income equals to:
and it equals to, 912.20.
Therefore, your answer is C.
Answer 2:
our deductions are 7.65% , 11.5% and 7.8% . Total 26.95% .
So deduct that from your Gross . $3468.73 - 26.95% leaves you with $ 2533.91.
That's your Realized Income . $2533.91 .
So you need to find 36% of that . It's $912.20.
And that is your answer . Your fixed expenses are $ 912.20 .