The gross income of the employee 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?
The employee should get the correct information and numbers from the employer payroll department or wait until they put her net take home pay check in her hand as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period.
But to figure it out:
$215.00 net
-15.16
-29.33
- 4.30
- 2.15
- 6.45
Take home pay would be 157.61
e.g. 2% + 1% + 3% = 6%
6% of $215.00 = $12.90
$215.00 - 15.16 - 29.33 - 12.90 = $157.61 net income.
B 157.61
the gross income of ginger hughes is 215 per week her deductions are 15.16fica tax 29.33 income tax 2 percent state tax 1 percent city tax and 3 percent retirement fund what is her net income?
The gross income of Ginger Hughes 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?
157.61
$605.32
The gross income of Ginger Hughes 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?
To calculate Ginger Hughes' net income, you need to deduct her total deductions from her gross income. The total deductions are 15.16 (FICA tax) + 29.33 (income tax) + 2% state tax + 1% city tax + 3% retirement fund. Her net income will be $215 (gross income) - total deductions.
1,030.35
Thomas M. Ferguson has written: 'Tax deductible investments' -- subject(s): Income tax deductions, Income tax deductions for retirement contributions, Investments, Law and legislation, Taxation
Taxed like any other income...hence what you pay depends on all the factors...amount, other income. type, place, deductions, etc
How do I change the deductions on NS income taxt?
Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income
Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income