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

\begin{tabular}{|c|c|c|c|}
\hline & Tyson & Esmerelda & Xavier \\
\hline Annual Salary & [tex]$\$[/tex] 42,500[tex]$ & $[/tex]\[tex]$ 50,000$[/tex] & [tex]$\$[/tex] 32,000[tex]$ \\
\hline Federal Income Tax & $[/tex]\[tex]$ 8500$[/tex] & [tex]$\$[/tex] 12,000[tex]$ & $[/tex]\[tex]$ 6400$[/tex] \\
\hline FICA & [tex]$\$[/tex] 3251[tex]$ & $[/tex]\[tex]$ 4590$[/tex] & [tex]$\$[/tex] 2448[tex]$ \\
\hline Disability Insurance & $[/tex]\[tex]$ 2125$[/tex] & [tex]$\$[/tex] 3000[tex]$ & $[/tex]\[tex]$ 1600$[/tex] \\
\hline Life Insurance & [tex]$\$[/tex] 100[tex]$ & $[/tex]\[tex]$ 150$[/tex] & [tex]$\$[/tex] 75[tex]$ \\
\hline
\end{tabular}

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

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

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

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



Answer :

GinnyAnswer
To determine Tyson's take-home pay, we need to subtract all the deductions from his annual salary. Let's break this down step by step.

1. Annual Salary: Tyson's annual salary is [tex]\(\$42,500\)[/tex].

2. Deductions:
- Federal Income Tax: [tex]\(\$8,500\)[/tex]
- FICA: [tex]\(\$3,251\)[/tex]
- Disability Insurance: [tex]\(\$2,125\)[/tex]
- Life Insurance: [tex]\(\$100\)[/tex]

3. Total Deductions:
[tex]\[ \$8,500 + \$3,251 + \$2,125 + \$100 = \$13,976 \][/tex]

4. Take-Home Pay:
[tex]\[ \$42,500 - \$13,976 = \$28,524 \][/tex]

Therefore, Tyson's take-home pay is [tex]\(\$28,524\)[/tex].

The correct answer is:
A. \$28,524

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