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18 February, 17:51

A high school student working part time as a shelf stocker had a gross income of $6675 last year. If his federal tax rate was %10 and his state tax was 3% what was the amount withheld from his Pat last year in federal tax, state tax, and FICA combined?

A. 867.75

B. 667.50

C. 200.25

D. 1378.39

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Answers (1)
  1. 18 February, 20:44
    0
    The amount withheld for federal, state and FICA tax combined is 867.75. Option A is the correct answer.

    Step-by-step explanation:

    step 1 : The gross income = $6675

    step 2 : Federal tax rate = 10%

    step 3 : The amount for federal tax = 10 % of $6674

    = (10/100) * 6674 = $667.4

    step 4 : Sate tax rate = 3%

    step 5 : The amount for state tax = 3% of $6674

    = (3/100) * 6674 = 20022/100 = $200.22

    FICA Exemption is given for school students. They no need to pay this tax. Therefore,

    The total amount withheld for federal and state tax = $667.4 + $200.22

    = $ 867.62 (approx.)
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