1. For the month of December, Barry Rich's gross pay was $80,000. Federal income taxes withheld totals $11,000. The FICA (Social Security and Medicare) rate is 7.65%. What is Barry's net pay?

2. Sew Chic, Inc., has employees that earn a monthly gross pay of $500,000. The federal tax rate is 20%. FICA withholdings is 7.65%. What will Sew Chic report as its Salary Expense?

3. For the month of December, Melon-Cauli Grocers, Inc.'s gross payroll was $600,000. Federal income taxes withheld equal 20% of gross payroll. The FICA rate is 7.65%. How much will Melon-Cauli's tax have to pay the government agencies? Remember that the company is responsible for paying both the employee's and the company's share of FICA.

4. Jerry and Mary's adjusted gross income is $77,200 on line 7 of Form 1040. Line 17 on Schedule A is $27,000 and the standard deduction for married taxpayers filing jointly is $24,000. What should be entered on line 8 of Form 1040?

5. Theresa Brown's adjusted gross income is $53,000 on line 7 of Form 1040. Line 17 on Schedule A is $14,000 and the standard deduction for a single taxpayer is $12,000. What should be entered on line 10 of Form 1040?