21. According to Josh's W-2 statement, his wages were $27,391 for the previous year. The amount deducted from his

earnings for federal income tax was $3,009.95. He also earned $345 interest from his savings account. Josh is filing as a

single person who cannot be claimed as a dependent on his parent's tax return, with a standard deduction of $7,800. How

much Josh will be refunded? Use the tax tables in the Appendix of your textbook on pages 527 538.

a. $421.95

b. $2,588.00

c. $345.00

d. $695.55

22. Audrey earned $54,629 last year and paid 6.2% in Social Security tax and 1.45% in Medicare tax. In total, how much

did she contribute to both Social Security and Medicare?

a. $3,386.99

b. $4,179.12

c. $50,449.88

d. $792.12

23. If Susie paid in $5,235 in Social Security tax in one year, how much did she earn in that year? Use the tax rate on

page 317 in your textbook.

a. $324.57

b. $361,034.48

c. $7,590.50

d. $84,435.48

24. In 2013, the maximum taxable income for Social Security was $113,700. Construct a piecewise function to represent

an individual's Social Security tax.

a.

b.

c.

d.

25. In 2013, workers earned one credit towards Social Security for every $1,160 in earnings, up to a maximum of four

credits per year. Jeni earns $4,350 per year at her part-time job. At this rate, how long will it take her to be eligible for

Social Security benefits?

a. 11 years

b. 10 years

c. 15 years

d. 14 years

26. Paul has earned an average of $3,459 per month over his lifetime. He is planning to retire at age 66, the full

retirement age for his year of birth. Using the formula of calculating Social Security as 90% of earnings for the first $680

and 32% of earnings above $680, calculate Paul's monthly retirement benefit.

a. $1,106.88

b. $3,459.00

c. $1,501.28

d. $2,453.23

27. Manuel wants to check how many Social Security credits he received in 2013. He checks with the IRS for his annual

Social Security statement. He earned $2,962 per month. How many credits did he receive for the year if 1 credit is issued

for every $1,160, up to the maximum?

a. 1 credit

b. 30 credits

c. 2 credits

d. 4 credits