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

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

A. [tex]$\$[/tex] 40,260$

B. [tex]$\$[/tex] 28,524$

C. [tex]$\$[/tex] 21,437$

D. [tex]$\$[/tex] 32,000$



Answer :

To find Tyson's take-home pay, we must follow a series of steps where we account for all deductions from his annual salary.

1. Identify Tyson's Annual Salary:
[tex]\[ \text{Annual Salary} = \$42,500 \][/tex]

2. Identify and Sum All Deductions:
- Federal Income Tax: \$8,500
- FICA: \$3,251
- Disability Insurance: \$2,125
- Life Insurance: \$100

Adding these deductions together:
[tex]\[ \text{Total Deductions} = \[tex]$8500 + \$[/tex]3251 + \[tex]$2125 + \$[/tex]100 = \$13,976
\][/tex]

3. Subtract Total Deductions from Annual Salary:
[tex]\[ \text{Take-home Pay} = \text{Annual Salary} - \text{Total Deductions} \][/tex]
[tex]\[ \text{Take-home Pay} = \[tex]$42,500 - \$[/tex]13,976 = \$28,524
\][/tex]

Thus, Tyson's take-home pay is:
[tex]\[ \boxed{\$28,524} \][/tex]

So, the correct option is:
B. \$28,524