question 10 of 10\na high school student working part - time as a cashier had a gross income of $8125 last…

question 10 of 10\na high school student working part - time as a cashier had a gross income of $8125 last year. if her federal tax rate was 10% and her state tax rate was 4.35%, what was the amount withheld from her pay last year in federal tax, state tax, and fica combined?\na. $353.44\nb. $1787.50\nc. $1165.94\nd. $812.50

question 10 of 10\na high school student working part - time as a cashier had a gross income of $8125 last year. if her federal tax rate was 10% and her state tax rate was 4.35%, what was the amount withheld from her pay last year in federal tax, state tax, and fica combined?\na. $353.44\nb. $1787.50\nc. $1165.94\nd. $812.50

Answer

Answer:

C. $1165.94

Explanation:

Step1: Calculate federal tax amount

Federal tax amount = Gross income×Federal - tax rate. Given gross income = $8125 and federal - tax rate = 10%=0.1. So, Federal tax amount = $8125×0.1 = $812.5.

Step2: Calculate state tax amount

State tax amount = Gross income×State - tax rate. Given state - tax rate = 4.35% = 0.0435. So, State tax amount = $8125×0.0435=$353.4375.

Step3: Calculate total tax amount

FICA is not given a separate rate here, assuming we only need to sum federal and state taxes. Total tax amount = Federal tax amount+State tax amount = $812.5 + $353.4375=$1165.9375≈$1165.94.