chuck has a gross pay of $815.70. by how much will chucks gross pay be reduced if he has the following items…

chuck has a gross pay of $815.70. by how much will chucks gross pay be reduced if he has the following items withheld? federal tax of $56 social security tax that is 6.2% of his gross pay medicare tax that is 1.45% of his gross pay state tax that is 19% of his federal tax a. $73.04 b. $129.04 c. $235.51 d. $273.38

chuck has a gross pay of $815.70. by how much will chucks gross pay be reduced if he has the following items withheld? federal tax of $56 social security tax that is 6.2% of his gross pay medicare tax that is 1.45% of his gross pay state tax that is 19% of his federal tax a. $73.04 b. $129.04 c. $235.51 d. $273.38

Answer

Answer:

C. $235.51

Explanation:

Step1: Calculate Social Security tax

$815.70\times6.2%=815.70\times0.062 = 50.5734$

Step2: Calculate Medicare tax

$815.70\times1.45%=815.70\times0.0145 = 11.82765$

Step3: Calculate state tax

$56\times19%=56\times0.19 = 10.64$

Step4: Calculate total deductions

$56 + 50.5734+11.82765 + 10.64=235.51105\approx235.51$