A nurse earns $800.00 per week before any tax deductions. The following taxes are deducted each week: $83.00 federal income tax, $38.00 state income tax, and $79.00 Social Security tax. How much will the nurse make in 4 weeks after taxes are deducted?
A.
$2,600.00
B.
$3,000.00
C.
$2,400.00
D.
$2,800.00
To determine the nurse’s earnings after taxes for 4 weeks, follow these steps:
- Calculate the total weekly tax deductions:Total weekly taxes=$83.00 (federal)+$38.00 (state)+$79.00 (Social Security)=$200.00\text{Total weekly taxes} = \$83.00 \text{ (federal)} + \$38.00 \text{ (state)} + \$79.00 \text{ (Social Security)} = \$200.00Total weekly taxes=$83.00 (federal)+$38.00 (state)+$79.00 (Social Security)=$200.00
- Calculate the weekly net income (income after taxes):Weekly net income=$800.00 (gross income)−$200.00 (total taxes)=$600.00\text{Weekly net income} = \$800.00 \text{ (gross income)} – \$200.00 \text{ (total taxes)} = \$600.00Weekly net income=$800.00 (gross income)−$200.00 (total taxes)=$600.00
- Calculate the total net income for 4 weeks:Total net income for 4 weeks=$600.00 (weekly net income)×4=$2,400.00\text{Total net income for 4 weeks} = \$600.00 \text{ (weekly net income)} \times 4 = \$2,400.00Total net income for 4 weeks=$600.00 (weekly net income)×4=$2,400.00
Correct answer: C. $2,400.00