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Using the table below, what is Esmeralda's take-home pay?

\begin{tabular}{|l|l|l|l|}
\hline & Tyson & Esmeralda & Xavier \\
\hline Annual Salary & \[tex]$42,500 & \$[/tex]60,000 & \[tex]$32,000 \\
\hline Federal Income Tax & \$[/tex]8500 & \[tex]$12,000 & \$[/tex]6400 \\
\hline FICA & \[tex]$3251 & \$[/tex]4590 & \[tex]$2448 \\
\hline Disability Insurance & \$[/tex]2125 & \[tex]$3000 & \$[/tex]1600 \\
\hline Life Insurance & \[tex]$100 & \$[/tex]150 & \[tex]$75 \\
\hline
\end{tabular}

A. \$[/tex]21,437
B. \[tex]$28,524
C. \$[/tex]40,260
D. \$32,000



Answer :

GinnyAnswer
Sure! Let's break down the problem step-by-step to determine Esmeralda's take-home pay based on the information provided in the table.

1. Identify Annual Salary:
Esmeralda's annual salary is \[tex]$60,000. 2. Identify the Deductions: - Federal Income Tax: \$[/tex]12,000
- FICA: \[tex]$4,590 - Disability Insurance: \$[/tex]3,000
- Life Insurance: \[tex]$150 3. Calculate the Total Deductions: Sum up all the deductions: \[ \text{Total Deductions} = \$[/tex]12,000 + \[tex]$4,590 + \$[/tex]3,000 + \[tex]$150 = \$[/tex]19,740
\]

4. Calculate the Take-home Pay:
Subtract the total deductions from the annual salary:
[tex]\[ \text{Take-home Pay} = \$60,000 - \$19,740 = \$40,260 \][/tex]

Esmeralda's take-home pay is \[tex]$40,260. Therefore, the correct answer is: C. \$[/tex]40,260

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