Question

You work a part-time job at $7.85/hr for 10 hours per week. Your deductions are FICA (7.65%), federal tax withholding (9.8%), and state tax withholding (5.5%). What is your net hourly wage?

Answer 1

Here, My initial salary = 7.85 

FICA deduction amount = 7.85 * 7.65% = 7.85 * 0.0765 = 0.60
Federal Tax amount = 7.85 * 9.8% = 7.85 * 0.098 = 0.77
State tax amount = 7.85 * 5.5% = 7.85 * 0.055 = 0.43

So, Total deducted amount = 0.60 + 0.77 + 0.43 = 1.80
Net hourly wage = 7.85 - 1.80 = 6.05

In short, Your Answer would be $6.05

Hope this helps!

Answer 2

The net income is the difference of the total income and the total deduction. The net hourly wage after all the deduction is $6.05.

Given-

The wages per hour is $7.85.

Deductions as FICA  is 7.65 percent.

Deductions federal tax  withholding is 9.8 percent.

Deductions as state tax withholding is 5.5 percent.

Net income

Net income is the difference of the total income and the total deduction.

Calculate the deduction in the number from,

The Deductions as FICA  is 7.65 percent. Thus,

$=\dfrac{7.65}{100} \times7.85\\ =0.60$

Deductions federal tax  withholding is 9.8 percent.

$=\dfrac{9.8}{100} \times7.85\\=0.77$

Deductions as state tax withholding is 5.5 percent.

$=\dfrac{5.5}{100} \times7.85\\=0.43$

Net hourly wage is the difference of the income and the total deduction. Thus hourly wage $I$ is,

$I=7.85-0.60-0.77-0.43\\ I=6.05$

Hence the net hourly wage after all the deduction is $6.05.

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