Question

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?

Answer 1

first conver the percentages to decimal and add themm together to get 0.356, you would then multiply the sum of the perrcentages by your base pay to get the amount taxed from your base pay , you would then subtract your tax from your base pay 0.356x420=149.52 420-149.52=270.48

Answer 2

7.65+22+5.95=35.6
420*35.6=148.52
420-148.52=270.48
You take home $270.48