Exercises: Sales tax, income and paychecks

Calculate the sales tax on a pair of sneakers that cost $\$65$ if the local sales tax rate is $8\%$.

Jackson works at a local grocery store earning $\$13.50$ per hour. If he works $25$ hours in one week, what is his gross pay?

You order a pizza delivery and the bill comes to $\$24.00$. If you want to give the driver a $15\%$ tip, how much money should you leave for the tip?

Maria's gross pay for the week is $\$750$. Her paycheck shows deductions of $\$85$ for federal income tax, $\$57.38$ for FICA, and $\$25$ for health insurance. What is her net pay?

A new video game console has a retail price of $\$299$. If the state sales tax is $6\%$, what is the total cost of the console including tax?

Mr. Henderson recently accepted a job with an annual salary of $\$63,600$. If he is paid once a month, what is his gross monthly paycheck?

An employee has a gross income of $\$1,200$ for the current pay period. The FICA tax (which includes Social Security and Medicare) is $7.65\%$ of gross income. Calculate the amount deducted for FICA.

A high school student earned $\$3,500$ working a summer job. The state imposes a flat income tax rate of $4\%$. How much state income tax does the student owe?

The Smith family went out to dinner, and the cost of their meal was $\$90$ before tax and tip. The local sales tax is $7\%$. They decide to leave a $20\%$ tip based on the pre-tax amount. What is the total amount they paid for the dinner?

Chloe earns $\$16$ per hour and works $35$ hours a week. From her gross pay, $12\%$ is withheld for federal income tax and $7.65\%$ is withheld for FICA. What is her net pay for the week?

Compare two job offers based on a $40$-hour workweek for $52$ weeks a year. Job A offers a fixed annual salary of $\$41,600$. Job B pays an hourly wage of $\$19.50$. Which job has a higher weekly gross pay, and by how many dollars?

After an $8\%$ sales tax was added, the total cost of a new tablet was $\$351$. What was the original price of the tablet before the sales tax was applied?

Analyze the earnings statement provided in the image. Calculate the amount deducted for Health Insurance to make the Net Pay accurate based on the Gross Pay and other deductions shown.

Marcus earns $\$18$ per hour for regular hours (up to $40$ hours a week). For any overtime hours worked beyond $40$, he earns "time and a half" ($1.5$ times his regular hourly rate). Last week, Marcus worked $48$ hours. What was his total gross pay?

A customer bought a lawnmower with a price tag of $\$450$. At the register, the total charge was $\$483.75$. What is the sales tax rate (as a percentage) in this town?

Liam has a gross monthly income of $\$5,200$. He pays a flat $4.5\%$ state income tax and a $14\%$ federal income tax on his entire gross income. He also contributes $\$150$ per month to a retirement account. What is his net monthly income after these three deductions?

Sarah's net pay for the week is $\$544$. Her employer deducts exactly $15\%$ of her gross pay for taxes and insurance. If Sarah worked $32$ hours that week, what is her hourly wage?

You are looking to buy a new laptop that has a base price of $\$800$.

• In State A, the sales tax is $5.5\%$, and the store offers no discounts.

• In State B, the sales tax is $8\%$, but a store is offering a $10\%$ discount on the base price.

Which state offers the better final total cost, and how much cheaper is it?

A group of friends goes out to eat. The final amount they pay, which includes an $8\%$ sales tax and an $18\%$ tip, is $\$151.20$. Both the tax and the tip were calculated on the original food bill. What was the cost of the original food bill before tax and tip?

You are comparing two job offers that both require $40$ hours of work per week.

• Job X pays $\$24$ per hour. Payroll deductions take $18\%$ of the gross pay for taxes, plus a mandatory $\$65$ per week for health insurance.

• Job Y pays $\$21$ per hour. Payroll deductions take $18\%$ of the gross pay for taxes, but the employer covers $100\%$ of the health insurance cost.

Which job provides a higher weekly net pay, and what is the difference in net pay between the two?

The graph shows a simplified progressive tax system. In this system, income is taxed at different rates depending on the bracket it falls into. Using the information in the graph, calculate the total income tax owed by someone with a taxable income of $\$45,000$.

David earns $\$22$ per hour. In one week, he works $46$ hours. His company pays time-and-a-half for any hours worked over $40$. From his gross pay, the following are deducted:

• $7.65\%$ for FICA

• $15\%$ for federal income tax

• A fixed $\$50$ for union dues

What is David's net pay for that week?

Maya earns $\$20$ per hour and works $40$ hours per week. Assume there are exactly $4$ weeks in a month. Her total deductions amount to $22\%$ of her gross pay.

A standard financial rule states that your monthly rent should not exceed $30\%$ of your gross monthly income. However, Maya prefers a stricter personal rule: her rent should not exceed $40\%$ of her net monthly income.

Calculate the maximum rent allowed under both rules. Which rule allows for a higher rent, and by how much?

Look at the supermarket receipt provided. In this state, groceries (marked with an asterisk *) are non-taxable, while other goods are subject to an $8.25\%$ sales tax.

Calculate the missing tax amount and the final total for this purchase.