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 $51,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$3,901.50|\n|state income tax|$2,346.00|\n|federal income tax|$5,355.00|\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 $51,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$3,901.50|\n|state income tax|$2,346.00|\n|federal income tax|$5,355.00|\n|medical insurance|$1,500.00|\nround to the nearest whole dollar.

Answer

Explanation:

Step1: Calculate total expenses

$3901.50 + 2346.00+5355.00 + 1500.00$

Step2: Subtract total expenses from gross income

$51000-(3901.50 + 2346.00+5355.00 + 1500.00)$ $=51000 - 13102.5$ $= 37897.5$

Answer:

$37898$