You decide to work​ part-time at a local supermarket. The job pays ​$11.50 per hour and you work 24 hours per week. Your employer withholds​ 10% of your gross pay for federal​ taxes, 7.65% for FICA​ taxes, and​ 3% for state taxes. Complete parts​ (a) through​ (f) below.

Let's break down the information and calculations into steps:

You are working 24 hours per week, and the pay rate is $11.50 per hour.

### **Part (a): What is your gross pay per week?**

The gross pay is calculated as:
\[
\text{Gross Pay} = \text{Hours Worked per Week} \times \text{Hourly Wage}
\]

\[
\text{Gross Pay} = 24 \times 11.50 = 276
\]

Your **gross pay per week** is **$276.00**.

---

### **Part (b): How much is withheld for federal taxes each week?**

Federal tax withholding is 10% of your gross pay. We can calculate the amount withheld for federal taxes as:

\[
\text{Federal Tax Withheld} = 0.10 \times \text{Gross Pay} = 0.10 \times 276 = 27.60
\]

**Federal taxes withheld** per week are **$27.60**.

---

### **Part (c): How much is withheld for FICA taxes each week?**

FICA tax withholding is 7.65% of your gross pay. The amount withheld for FICA taxes is:

\[
\text{FICA Tax Withheld} = 0.0765 \times \text{Gross Pay} = 0.0765 \times 276 = 21.09
\]

**FICA taxes withheld** per week are **$21.09**.

---

### **Part (d): How much is withheld for state taxes each week?**

State tax withholding is 3% of your gross pay. The amount withheld for state taxes is:

\[
\text{State Tax Withheld} = 0.03 \times \text{Gross Pay} = 0.03 \times 276 = 8.28
\]

**State taxes withheld** per week are **$8.28**.

---

### **Part (e): What is your net pay per week?**

Net pay is the gross pay minus all withholdings (federal, FICA, and state taxes). The total withholding is the sum of the amounts calculated in parts (b), (c), and (d):

\[
\text{Total Withholding} = 27.60 + 21.09 + 8.28 = 56.97
\]

Now, subtract the total withholding from the gross pay to find your net pay:

\[
\text{Net Pay} = \text{Gross Pay} - \text{Total Withholding} = 276 - 56.97 = 219.03
\]

Your **net pay per week** is **$219.03**.

---

### **Part (f): How much would you make in net pay in a year?**

To calculate your yearly net pay, multiply your weekly net pay by the number of weeks in a year (52 weeks):

\[
\text{Yearly Net Pay} = 219.03 \times 52 = 11,389.56
\]

Your **yearly net pay** would be **$11,389.56**.

---

### Do you have any questions or would you like more details on any part of this?

### Here are 5 related questions that extend this information:
1. How much will you pay in total taxes over a year, combining federal, FICA, and state taxes?
2. If you receive a raise to $12.50 per hour, how much will your net pay change per week?
3. How much would you earn in gross pay in a year if you worked 40 hours per week instead?
4. What percentage of your gross pay goes to taxes in total each week?
5. How would your net pay be affected if federal tax withholding increased to 15%?

### **Tip:** Knowing how much is withheld from your paycheck can help you budget and plan for your expenses effectively.

You decide to work part-time at a local supermarket. The job pays $11.50 per hour and you work 24 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 7.65% for FICA taxes, and 3% for state taxes. Complete parts (a) through (f) below.

Learn how to calculate weekly and yearly net pay for a part-time job with an hourly wage of $11.50. This includes federal, FICA, and state tax withholdings. A detailed breakdown of gross pay, taxes, and net pay is provided for students in Grades 9-12.

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