You have a part-time job paying $8.95/hr and your deductions are fica (7.65%), federal tax withholding (9.3%), and state tax withholding (5.8%). you save $30.00/wk for a savings account. if you work 15 hours/wk, how much discretionary income is left each week?

$ 73.71/wk  

Step-by-step explanation:

Number of working hours in a week = 15 hours

Payment per hour = $ 8.95  

Total deductions on hourly payment =  

8.95x7.65%=0.685

8.95x9.3%=0.832

8.95x5.8%=0.519

Total deduction = (0.685 + 0.832+ 0.519) =  2.036

Net payment per hour after deductions = $ 8.95 - 2.036

= $ 6.914

Total weekly payment  

=  Number of working hours in a week x Net payment per hour

= 15 hours/wk  x $ 6.914

= $ 103.71/wk

The discretionary income left after saving = $ 103.71/wk  - $30.00/wk

= $ 73.71/wk  

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correct answer is b. 27/8

step-by-step explanation: