At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
To find Tyson's take-home pay, we must follow a series of steps where we account for all deductions from his annual salary.
1. Identify Tyson's Annual Salary:
[tex]\[ \text{Annual Salary} = \$42,500 \][/tex]
2. Identify and Sum All Deductions:
- Federal Income Tax: \$8,500
- FICA: \$3,251
- Disability Insurance: \$2,125
- Life Insurance: \$100
Adding these deductions together:
[tex]\[ \text{Total Deductions} = \[tex]$8500 + \$[/tex]3251 + \[tex]$2125 + \$[/tex]100 = \$13,976
\][/tex]
3. Subtract Total Deductions from Annual Salary:
[tex]\[ \text{Take-home Pay} = \text{Annual Salary} - \text{Total Deductions} \][/tex]
[tex]\[ \text{Take-home Pay} = \[tex]$42,500 - \$[/tex]13,976 = \$28,524
\][/tex]
Thus, Tyson's take-home pay is:
[tex]\[ \boxed{\$28,524} \][/tex]
So, the correct option is:
B. \$28,524
1. Identify Tyson's Annual Salary:
[tex]\[ \text{Annual Salary} = \$42,500 \][/tex]
2. Identify and Sum All Deductions:
- Federal Income Tax: \$8,500
- FICA: \$3,251
- Disability Insurance: \$2,125
- Life Insurance: \$100
Adding these deductions together:
[tex]\[ \text{Total Deductions} = \[tex]$8500 + \$[/tex]3251 + \[tex]$2125 + \$[/tex]100 = \$13,976
\][/tex]
3. Subtract Total Deductions from Annual Salary:
[tex]\[ \text{Take-home Pay} = \text{Annual Salary} - \text{Total Deductions} \][/tex]
[tex]\[ \text{Take-home Pay} = \[tex]$42,500 - \$[/tex]13,976 = \$28,524
\][/tex]
Thus, Tyson's take-home pay is:
[tex]\[ \boxed{\$28,524} \][/tex]
So, the correct option is:
B. \$28,524
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.