Your parents have been paying your car insurance with the understanding that you will get a part-time job and begin to take over the payments. You have recently started working at a local grocery store for 20 hours a week. Your part time pay rate is 19.00 per hour. You will not be able to work any overtime. You will need to pay $2.50 a week in professional dues and you will not be paying for any health care, as you are still covered under your parents insurance.
You will need to calculate your bi-weekly paycheck based on 20 hour weeks at a rate of $9.00 per hour. You will need to deduct Federal Income Tax (11.9%). State Income Tax (3.6%), FICA (7.65%), and professional dues. Lastly you will need to look determine whether or not you will be able to pay your monthly car insurance bill of $200.00
Total Income Monthly:
Federal Income Tax:
State Income Tax:
FICA:
Professional Dues:
Car Insurance:
Remaining:
Can you afford your car insurance bill? YES or NO
Answers
Answered by
1
Answer:
Write equivalent fractions of
with:
60
(i) denominator 20 (in numerator 24
(iv) numerator 4
iii) denominator 15
84
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