Question

Suppose that you work at the Peacock Blue store for 40 hours over 5 days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $4.25/day, lunch at $3.85/day and black slacks for work at 29.95. How much is your discretionary income for the week? $182.77
$212.72
$233.97
$269.55

Answer 1

Let's calculate first how much money you earn:
40*8.75=350$

The transportation and lunch for the 5 days:
3.85*5=19.25$ (lunch)
4.25*5=21.25 (transportation)
Black slacks = 29.95

FICA = 7.65/100*350(money you earned) = 26.775$
Federal withholding = 12/100*350=42$
State withholding = 8/100*350=28$

Your discretionary income = 350-19.25-29.95-21.25-26.775-42-28=182.775$

The final answer is: A.$182.77

Answer 2

Answer:

202.24 this is the right answer

Explanation: