You earn $420 per week. You pay social security taxes of 7.65%, federal taxes of 22%, and state taxes of 5.95%. What is your take home pay?

Question

asked Apr 18, 2016 148k views

1 Answer

← Prev Question Next Question →

Ask a Question

Adesh Kumar · Answer 1 · 2016-04-23T02:34:27+0000

$420 x .0765 = $32.13
$420 x .22 = $92.40
$420 x .0595 = $24.99

The total of those three deductions comes to $149.52

Finally subtract that from 420. $420 - 149.52 = $270.48 - that is known as the net amount. (the $420 is called the gross amount).

You earn $420 per week. You pay social security taxes of 7.65%, federal taxes of 22%, and state taxes of 5.95%. What is your take home pay?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions