Leslie works for Blanck Corporation. His annual salary is $57,285.50.
a. What is Leslie’s annual Social Security deduction?
b. What is Leslie’s annual Medicare deduction?
c. Leslie is paid every other week. What is his biweekly gross pay?
d. Each pay period, Leslie’s employer deducts $418.63 for federal income tax.
What percentage of Leslie’s yearly salary is withheld for federal income tax?
e. If Leslie is taxed at an annual rate of 3.65% for city tax, how much is deducted from his salary per paycheck for city tax?
f. Leslie’s net pay for each pay period is $1,347.34. What percent of his biweekly gross pay is deducted from his salary to yield this net pay amount?
g. As of January 1, Leslie will receive a 12.5% raise. What will Leslie’s new annual salary be?
h. If the percentage of his biweekly deductions remains the same, what should Leslie’s new net pay be for each pay period?

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1545-0008 Safe, accurate, FAST! Use 1 Wages, tips, other compensation 3 Social security wages 5 Medicare wages and tips $73,094.00 7 Social security tips 9 Advance EIC payment 11 Nonqualified plans 13 Story employde IRS e file Fotomont plan Third party sick pay Visit the IRS website at www.irs.gov/efile. 2 Federal income tax withheld 14 Other caf125 $4,500.00 4 Social security tax withheld 6 Medicare tax withheld 8 Allocated tips 10 Dependent care benefits 12a See instructions for box 12 E $1,900.00 12b 12c 12d income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name