You are paid $10.65/hr. your deductions are fica (7.65%), federal tax withholding (9.9%), and state tax withholding (7.35%). your housing and fixed expenses are $493.68/month. how many hours per month must you work to be sure those expenses are paid?

You must work about 62 hours.

The total percent that you pay in taxes is 24.9%.

That means that you keep 75.1% of the money that you earn. We can write the following equation to determine the number of hours, h, that it will take to earn 493.68.

0.751(10.65)h = 493.68

Just divide by 0.751 and 10.65 and you will get the number of hours needed.