Mr. Robinson earns $235 per week. Each week his employer deducts 5.9% of his salary for social security.?

Question

He also deducts $14.85 for his federal withholding tax. Mr. Robinson's weekly take home pay is

(1) 221.13 (2) 206.28 (3) 210.15

(4) 249.85 (5) 205.28

Please explain.

Answer 1

Alright, so what you have to do first is find what 5.9% of $235 is.

$235 x .059 = $13.865

So then we take that and the $14.85 away from the original earnings...

$235 - $13.865 - $14.85 = $286.285, or answer (2).

Answer 2

Social security tax rate is 6.2%. Medicare is 1.45%.

For articles onr U.S. tax return, http://taxipay.blogspot.com/2008/04/list...

Answer 3

206.28

235 x 5.9% = 13.87

235 -13.87-14.85 = 206.28