Kong makes $14.25 per hour. If he works a 40-hour week, how much does he have to pay into FICA (7.65%)?$43.61$76.50$109.01$436.05
Mathematics · High School · Thu Feb 04 2021
Answered on
Given the statement:
Kong makes $14.25 per hour.
Determine how much he'll pay FICA (7.65% of his salary(, if he works a 40-hour week.
Solution:
We must first find the total salary of Kong in a week by multiplying 14.25 with 40.
= ($14.25)(40)
= $570
Now we need to take 7.65% of 570 in order to determine how much will Kong pay to FICA. In order to do so, we simply need to multiply the decimal value of 7.65% to 570. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100
= 7.65/100
= 0.0765
= ($570)(0.0765)
= $43.61
Final answer:
= $43.61