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 $42,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$3,200.00|\n|state income tax|$1,900.00|\n|federal income tax|$3,400.00|\n|medical insurance|$2,000.00|\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 $42,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$3,200.00|\n|state income tax|$1,900.00|\n|federal income tax|$3,400.00|\n|medical insurance|$2,000.00|\nround to the nearest whole dollar.

Answer

Explanation:

Step1: Calculate total expenses

$3200 + 1900+3400 + 2000$

Step2: Subtract total expenses from gross income

$42000-(3200 + 1900+3400 + 2000)$ $=42000 - 10500$ $=31500$

Answer:

$31500$