Question

Imagine someone makes $30,000 a year and receives two paychecks per month. The employer withholds 13.9% of that in federal income tax. What is the amount of each paycheck after federal income tax has been taken out?

Answer 1

Answer:

Step-by-step explanation:

30,000/12= 2500

2500/2 checks per month= 1250 per check

1250*13.9%=173.75 per check in federal taxes

1250-173.75= $1076.25 per check after federal tax

Answer 2

The amount of each paycheck after federal income tax has been taken out is $1,076.25.

Calculation of the amount:

The per month payment be like

$= 30,000 \div 12$

= 2,500

Since there are two paycheck for each one it should be

$= 2,500 \div 12$

= 1,250

Now there is 13.9% of federal income tax

So,

= 13.9% of 1,250

= 173,.75

Now the amount should be

= $1,250 - $173.75

= $1076.25

Hence, The amount of each paycheck after federal income tax has been taken out is $1,076.25.

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