2. You are paid $13/hr at your part-time job. Your deductions are FICA (7.65%) and federal tax (10%). Your travel expenses are $8.50 per day worked. You work for 20 hours over a 4-day

period of time. What is your net income after travel expenses?

Net income:

I'm doing something wrong I keep getting 210.11 need help someone please explain.

You want the net income after taxes and travel expenses are subtracted from earnings of $13 per hour for 20 hours over 4 days.

Gross wages

Your gross wages are ...

($13/h) × (20 h) = $260

Taxes

The tax deductions total 7.65% +10% = 17.65% of your gross wages. The amount taken out for taxes is ...

$260 × 0.1765 = $45.89

Net Pay

Your take-home pay is the amount after taxes are deducted from your gross pay:

net pay = $260.00 -45.89 = $214.11

Net income

After you pay for your travel expenses, the remaining amount is your net income. The travel expenses are $8.50 per day for 4 days, or ...

travel expense = ($8.50/day) × (4 days) = $34.00

net income = net pay - travel expense
net income = $214.11 -34.00 = $180.11

Your net income after travel expenses is $180.11.

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Additional comment

We cannot think of an error that will result in a difference of $30. Such an error might mean you are using $1.00 per day for travel expense instead of $8.50 per day, for example. That error is sufficiently large and obvious that it seems unlikely.