If an employee earns $750 for the week, how much take-home pay do they receive after accounting for federal, state taxes, and other deductions?

Study for the Business Plumbing Law Exam. Dive into essential laws and industry knowledge with multiple choice questions, offering prime hints and detailed explanations. Prepare for success!

To determine the take-home pay from the weekly earnings of $750 after deductions for federal and state taxes, as well as other deductions, it is essential to understand the typical structure of these deductions.

Generally, employees will have federal income tax withheld, which can vary depending on filing status and allowances claimed on their W-4 form. Additionally, state taxes also apply, and many employees will see deductions for Social Security and Medicare taxes, which are a fixed percentage of gross wages. Furthermore, other possible deductions may include health insurance premiums or retirement contributions.

Assuming a reasonable estimate for the total tax and deduction rate (often averaging around 15-20% for many employees), let's hypothesize that in this scenario, the combined deductions amount to approximately $135. This calculation would lead to a take-home pay amount of $615 ($750 - $135).

Therefore, when analyzing the answer choices, the closest figure that reflects these deductions and corresponds logically to the calculations involved is $614.62, which considers the various federal, state, and additional deductions while providing a realistic estimate of the employee's adjusted pay.

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