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Ethan got his first job and is making $8.50 an hour. He really wants to buy a couple of video games, so he is trying

  1. Ethan got his first job and is making $8.50 an hour. He really wants to buy a couple of video games, so he is trying to estimate how much his paycheck will be. The first week Ethan works, he gets 18 hours. The second week Ethan works, he gets 25 hours. If Ethan pays 10% federal income tax and 2% state income tax, what can he expect to bring home in his first paycheck?

  1. Stans gross income is $3500 a month. Calculate his net income if his Federal tax rate is 10.25% and his State tax rate is 3%.

  1. Kevins gross income is $2000 every other Friday. Calculate his net income if his Federal tax rate is 10% and his State tax rate is 3%.

  1. Eds just got a new job and his annual salary is $45,000. He is supposed to get paid monthly. Calculate what Ed can expect his monthly paycheck to be if his federal income tax rate is 11% and his state income tax rate is 2.5%.

  1. Suzies monthly gross income is $7000. If her Federal tax rate is 11.5% and her state tax rate is 3.25%, how much money does Suzie bring home ANNUALLY?

  1. How much social security tax does Stan (from problem #2) pay ANNUALLY?

  1. How much federal income tax does Ed (from problem #4) pay MONTHLY?

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