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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 new computer?

111 hours

98 hours

87 hours

Sagot :

Total deduction

  • 7.65+12+8
  • 19.65+8
  • 27.65%

Now

Earnings after deduction

  • 10-10(0.2765)
  • 10-2.765
  • 7.335$

Total hours:-

  • 640/7.335
  • 87.25
  • 87hours
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