1. Scott Stewart is the self-employed owner of Stewart Software. His estimated annual earnings are $48,000 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter?

2. A company has 22 employees, 15 with gross earnings of $325.00 each per week and 7 with gross earnings of $475.00 each per week. What are the employees' share and the employer's share of the social security and Medicare tax for the first quarter of the year?

a. Employees' share?

b. Employer's share?

3. Naomi received weekly wages of $1,255.00. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables from your text?

4. Cross receives a monthly paycheck from a bakery plant of $3,500.30. She is married and is entitled to 3 withholding allowances. How much is her taxable income? Use the percentage method tables from your text.