Question

If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 8%, how much are your involuntary withholdings in all if your gross pay was $1,375?

Answer 1

To calculate the involuntary withholdings in all, you need to add up the amounts withheld for federal taxes, state taxes, and FICA.

First, calculate the amount withheld for federal taxes. To do this, multiply your gross pay of $1,375 by 12%, which is the percentage withheld for federal taxes:

$1,375 x 12% = $165

Next, calculate the amount withheld for state taxes. To do this, multiply your gross pay of $1,375 by 7%, which is the percentage withheld for state taxes:

$1,375 x 7% = $96.25

Next, calculate the amount withheld for FICA. To do this, multiply your gross pay of $1,375 by 8%, which is the percentage withheld for FICA:

$1,375 x 8% = $110

Now add the three amounts withheld for federal taxes, state taxes, and FICA

$165 + $96.25 + $110 = $371.25

So, the involuntary withholdings in all if your gross pay was $1,375 is $371.25