you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and Federal Tax withholding (10%). The following table shows your monthly expenses. what is your gross income per month Rent (monthly) $657.00 Telephone (monthly) $56.34 Groceries (weekly) $56.00 Clothing (monthly with 1/2 job related $106.00 Water & Electric (monthly) 98.87 Dinner & Movie $40.00 (weekly)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
icon
Related questions
Question

you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and Federal Tax withholding (10%). The following table shows your monthly expenses. what is your gross income per month

Rent (monthly) $657.00
Telephone (monthly) $56.34
Groceries (weekly) $56.00
Clothing (monthly with 1/2 job related $106.00
Water & Electric (monthly) 98.87
Dinner & Movie $40.00 (weekly)

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning