Suppose that you work at the peacock blue store for 40 hours over five days at a rate of $9.25/hour. you then quit your job. deductions are fica (7.65%), federal withholding (12%), and state withholding (8%). your expenses are transportation at $5.25/day, lunch at $3.85/day, and black slacks required for work at $19.95. how much is your discretionary income for the week?

B

B

A

D

Extra:

1. To calculate discretionary money, you

B) Calculate the difference between your net income and fixed expenses

2. Deductions from your pay such as FICA, federal withholding, and state withholding are

B) Involuntary and fixed

3. You have the following expenses: clothes—$98.95, utilities—$234.98, rent—$875.34, and groceries—$103.98. Which expenses are discretionary?

A) Clothes

4. Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $9.25/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $5.25/day, lunch at $3.85/day, and black slacks required for work at $19.95. How much is your discretionary income for the week?

D) $202.24

tangent

step-by-step explanation: