For questions 3 and 4, you will be answering by filling in the blank. Please be aware that your answer must include

any commas or decimals in their proper places in order to be correct. The dollar signs have been provided. For
example, if the answer is $1,860.78, then you will enter into the blank 1,860.78. Do not place any extra spaces
between numbers, commas, or decimal places. Round any decimals to the nearest penny when the answer involves
money—$986.526 would be typed into the blank as 986.53 and $5,698.903 would be typed into the blank as
5,698.90.

3. You (or your parents) are paid $13.75/hr and your deductions are FICA (7.65%), federal tax
withholding (10%), and state tax withholding (7.5%). Your (or your parents’) rent is
$875.00/month. How many hours must be worked to pay the rent each month? Round up to the
nearest whole number to make sure you have earned enough money to pay the rent.
(1 point)
hours 63 <--- my answer
4. Your rent is $750.00/month. What should your minimum realized income be?
(1 point)
$125.00 <--- my answer

Utilities

Private Mortgage Insurance
85 hours
125 minimum income

question three is 86 hours and question four is $2,678.57

3. Wow, looks like you'll have to work approximately 63 hours to pay that rent! Better start polishing those job skills.

4. Your minimum realized income should be $125.00. Now that's what I call a budget-friendly rent!

To calculate the number of hours needed to pay the rent, you can follow these steps:

1. Calculate the total deductions from the hourly rate.

- FICA (7.65%): Multiply $13.75/hr by 7.65/100 to find the FICA deduction.
- Federal tax withholding (10%): Multiply $13.75/hr by 10/100 to find the federal tax withholding deduction.
- State tax withholding (7.5%): Multiply $13.75/hr by 7.5/100 to find the state tax withholding deduction.
- Add up the deductions to find the total deduction.

2. Calculate the net hourly rate after deductions.

- Subtract the total deduction from $13.75/hr to find the net hourly rate.

3. Divide the monthly rent by the net hourly rate to find the number of hours needed.

- Divide $875.00/month by the net hourly rate to get the number of hours.

Rounding up to the nearest whole number ensures you have earned enough money to pay the rent.

For question 3, the correct answer would be the rounded-up number of hours required to pay the rent each month.

Regarding question 4, the phrase "minimum realized income" may not provide enough context for determining the answer. If you can provide more information or clarify the meaning of "minimum realized income," I can provide a more accurate answer.

13.75(x)-.0765(x) -.10(x) -(.075)x = 875

13.4985(x) = 875

x = 64.82 or 65 hours

i mean four

so is three right