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4 July, 22:51

You are paid $8.35/hr at your part-time job your deductions are fica 7.65% federal tax withholding 9.15% and the state tax withholding 7.5% your travel expenses are 6.30 per day worked. you work 16 hours over a 4 day period of time what is your net income after travel expenses?

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  1. 5 July, 01:42
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    Your net income is at $2,036.80 after the travel expenses have been deducted. The computations are as follows:

    $8.35/hr X 16 hours a day = $133.60/day

    $133.60/day X 4 days a week = $534.40/week

    S534.40/week X 4 weeks a month = $2,137.60/month

    You earn $2,137.60/month and you need to deduct your net income after travel expense, here's the computation:

    $6.30/day X 4 days a week = $25.20/week on travel expense

    $25.20/week X 4 weeks a month = $100.8/month on travel expense

    Deduct your travel expense from your net income

    $2,137.60 - $100.80 = $2,036.80 net income
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