2. realized income is also known as a) gross pay. b) net income. c) real income. d) descretionary income. 3) you are paid $12.75/hour. you work 40 hours/week for 4 weeks. your involuntary deductions are fica(7.65%), federal withholding (12%) and state withholding (7%). how much is your realized income? . a) $2,040.00. b)$510.00. c) $1,496.34. d) $374.08

a) gross pay

c) $1,496.34.

Explanation:

The realized income is the amount you actually received and it is taxable. According to this, the answer is gross pay as it is the money you earn before taxes are deducted.

-Realized income:

$12.75*40= 510*4 = $2,040

FICA (7.65%)= $156,06

Federal withholding (12%)= $244,8

state withholding (7%)= $142,8

$2,040-$156,06-$244,8-$142,8= $1,496.34

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.