Question
Calculating taxes. a. What is your major? What type of job are you interested in after you graduate? Look up the average salary for someone
Calculating taxes. a. What is your major? What type of job are you interested in after you graduate? Look up the average salary for
someone with this type of job. Write your answer below and site your source.
b. Look up the 2021 federal income tax brackets. Site your source. Calculate the income tax you would owe for 2021 fi you were earning the amount you found in part a. Calculate the effective tax rate.
c. Look up the FICA tax rates for 2021. Site your source. Calculate the FICA taxes you would owe for 2021 fi you were earning the amount you found in part a. Calculate the effective tax rate.
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