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 $65,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$4,900.00|\n|state income tax|0|\n|federal income tax|$7,400.00|\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 $65,000?\ntax table\n|expenses|amount taxed|\n|--|--|\n|fica|$4,900.00|\n|state income tax|0|\n|federal income tax|$7,400.00|\n|medical insurance|$2,000.00|\nround to the nearest whole dollar.

Answer

Explanation:

Step1: Calculate total expenses

$4900 + 0+7400 + 2000$

Step2: Subtract total expenses from gross income

$65000-(4900 + 0+7400 + 2000)$ $=65000 - 14300$ $=50700$

Answer:

$50700$