Your gross pay is $2,778.00. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much are you allowed for housing and fixed expenses?
A. $772.52
B. $993.24
C. $728.54

Okay, so our gross pay is $2,778 and our deductions are FICA (7.65%), state withholding (7%) and federal withholding (12%).

First, we add all the deduction percentages up.

12 + 7 + 7.65 = 26.65

Convert it into a decimal.

26.65 = .2665

Then, we multiply it by our gross pay.

2,778 x .2665 = ???

2,778 x .2665 = 740.337

2778 - 740.337 = 2037.663

That leaves us with $2,037.66 to cover any other expenses.

740.337 is closer to 728.54 then 772.52

740.337 - 728.54 = 11.797 --> 11.8

772.52 - 740.337 = 32.183 --> 32.18

Erm, so I'm not exactly seeing $740.337 on the answer choices so $728.54 would be the closest match.

740.337 is closer to 728.54 then 772.52

Thus, the answer would be C.

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above

this answer is !