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Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $4.25/day, lunch at $3.85/day, and black slacks required for work at $29.95. How much is your discretionary income for the week?

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1. Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $4.25/day, lunch at $3.85/day, and black slacks required for work at $29.95. How much is your discretionary income for the week?





 
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