what is the net (take - home) pay for an individual with expenses shown who has a gross income of…

what is the net (take - home) pay for an individual with expenses shown who has a gross income of $38,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$2,907.00|\n|state income tax|$1,178.00|\n|federal income tax|$3,990.00|\n|medical insurance|$1,500.00|\nround to the nearest whole dollar.

what is the net (take - home) pay for an individual with expenses shown who has a gross income of $38,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$2,907.00|\n|state income tax|$1,178.00|\n|federal income tax|$3,990.00|\n|medical insurance|$1,500.00|\nround to the nearest whole dollar.

Answer

Explanation:

Step1: Calculate total expenses

$2907 + 1178+3990 + 1500$

Step2: Subtract total expenses from gross income

$38000-(2907 + 1178+3990 + 1500)$ $=38000 - 9575$ $=28425$

Answer:

$28425$