Your gross pay is $2,778.00. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much are you allowed for housing and fixed expenses?
A. $772.52
B. $993.24
C. $728.54

Okay, so our gross pay is $2,778 and our deductions are FICA (7.65%), state withholding (7%) and federal withholding (12%).

First, we add all the deduction percentages up.

12 + 7 + 7.65 = 26.65

Convert it into a decimal.

26.65 = .2665

Then, we multiply it by our gross pay.

2,778 x .2665 = ???

2,778 x .2665 = 740.337

2778 - 740.337 = 2037.663

That leaves us with $2,037.66 to cover any other expenses.

740.337 is closer to 728.54 then 772.52

740.337 - 728.54 = 11.797 --> 11.8

772.52 - 740.337 = 32.183 --> 32.18

Erm, so I'm not exactly seeing $740.337 on the answer choices so $728.54 would be the closest match.

740.337 is closer to 728.54 then 772.52

Thus, the answer would be C.

00

step-by-step explanation:

with btw u said 100pts but it clearly says

i answerd and just got 10pts

no hate