marquis has a gross pay of $816. by how much will his gross pay be reduced if marquis has the following…

marquis has a gross pay of $816. by how much will his gross pay be reduced if marquis has the following items withheld? federal tax of $92 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 22% of his federal tax a. $82.66 b. $129.13 c. $164.01 d. $174.66

marquis has a gross pay of $816. by how much will his gross pay be reduced if marquis has the following items withheld? federal tax of $92 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 22% of his federal tax a. $82.66 b. $129.13 c. $164.01 d. $174.66

Answer

Explanation:

Step1: Calculate Social Security tax

$816\times6.2%=816\times0.062 = 50.592$

Step2: Calculate Medicare tax

$816\times1.45%=816\times0.0145 = 11.832$

Step3: Calculate state tax

$92\times22%=92\times0.22 = 20.24$

Step4: Calculate total deductions

$92 + 50.592+11.832 + 20.24=174.664\approx174.66$

Answer:

d. $174.66$