Evaluate the Answer Correct to the Cent

question 23

Short Answer

Evaluate the answer correct to the cent:

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Definitions:

Monthly Wages

The total compensation a worker receives within a month, often for salaried and hourly employees.

Withholding Allowance

the portion of an employee's income that is not subject to tax withholding by the employer, typically used to calculate the amount of income tax withheld from a paycheck.

Federal Income Tax

A charge imposed by the national government on the yearly income of individuals, corporations, trusts, and various legal bodies.

Gross Earnings

The total amount of revenue or income earned by an individual or business before any deductions or taxes are applied.