Marquis has a gross pay of $816. by how much will his gross pay be reduced if marquis has the following items withheld?federal tax of $92social security tax that is 6.2% of his gross paymedicare tax that is 1.45% of his gross paystate tax that is 22% of his federal tax
Gross pay $816
Federal tax $92
Social security 0.062 816
Social security = $50.59
Medicare tax = 0.195 * 816
Medicare tax = $159.12
State tax = 0.22 92
State tax = $20.24
Pay after deductions =
816 - 92 - 50.59 - 159.12 -20.21
= $494.08
Gross pay reduced by:
(816 - 494.08)/816 * 100
= %39.45
Marquis has a gross pay of $816.
1. Social security tax that is 6.2% of his gross pay, find it.
$816 - 100%
$x - 6.2%
Use proportion:
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2. Medicare tax is 1.45% of his gross pay, then
$816 - 100%
x - 1.45%
Use proportion:
\(\dfrac{816}{x}=\dfrac{100}{1.45},\\ \\x=\dfrac{816\cdot 1.45}{100}=\$11.832.\)
3. State tax that is 22% of his federal tax. Federal tax is $92, so
$92 - 100%
x - 22%
Use proportion:
\(\dfrac{92}{x}=\dfrac{100}{22},\\ \\x=\dfrac{92\cdot 22}{100}=\$20.24.\)
4. He has a gross pay of $816 and the following items withheld:
Answer: his gross pay will be reduced by $174.664≈$174.66.