swiftyice
Answered

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You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00. If you are paid $10.00/hour and your deductions are FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the refurbished computer?



answer choices:
98 hours

89 hours

111 hours

Sagot :

Total earnimgs per hour=10$

After deduction

  • Percentage=7.65+8+12=27.65%

Total earnings

  • 10-27.65%×10
  • 10-0.2765(10)
  • 10-2.765
  • 7.335$

Total hours:-

  • 640/7.335
  • 87.25

Approximately 89 hours

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