18. you work a part-time job earning $6.80/hr with tips that average $2.30/hr. you work 20 hr/wk and your deductions are fica (7.65%), federal tax withholding (8.95%), and state tax withholding (6.1%). how much are you allowed in housing expenses per month? im asking for not for you to do it.

Monthly allowed in housing expenses is $609.64

Step-by-step explanation:

* Lets explain how to solve the problem

- You earning $6.80 per hour

- Your tips is $2.30 per hour

- You work 20 hours per week

- Your deductions are:

# 7.65% FICA

# 8.95% federal tax

# 6.1% state tax

* At first lets find your income in a week

∵ You earn $6.80 per hour

∵ Your tips is $2.30 per hour

∵ You work 20 hours per week

∴ Your total income per week = 6.80 × 20 + 2.30 × 20

∴ Your total income per week = 136 + 46 = 182

∴ Your total income per week = $182

* Lets calculate the net income

∵ The weekly net income for housing expenses = the weekly

   total income × (1 - total deductions)

∴  The weekly net income = 182[1 - 7.65/100 - 8.95/100 - 6.1/100]

∴  The weekly net income = 182[1 - 0.227]

∴ The weekly net income = 182[0.773] = 140.686

∴ The weekly net income for housing expenses is $140.686

- Monthly allowed in housing expenses = weekly net income for

 housing expenses × weeks in year/months in year

∵ The year has 52 weeks

∵ The year has 12 months

∴ Monthly allowed in housing expenses = 140.686 × 52/12 = 609.639

∴ Monthly allowed in housing expenses is $609.64