Question

The gross income of Abelina Bennett is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
 A. $202.10   B. $170.51   C. $57.39   D. $157.61

Answer 1

Given:
Gross income : 215
FICA tax : 29.33
Income tax : 29.33
State tax : 2%
City tax : 1%
Retirement fund : 3%

State tax = 215 * 2% = 4.30
City tax = 215 * 1% = 2.15
Retirement Fund: 215 * 3% = 6.45

Net Income = 215 - (15.16 + 29.33 + 4.30 + 2.15 + 6.45)
N.I. = 215 - 59.39
N.I = 157.61  Choice D.