Given an APR of 29%, what is the theoretically highest possible EAR? Hint: Think about the number of compounding/discounting periods per year, how many of those periods in a year would give you the highest possible EAR? Note: Show your answer in units of percent, use plain numbers with at least two digits after the decimal (eg, for 12.34%, type 12.34). Consider gross earnings of $50,000. . The standard deduction is $12,000 and itemized deduction is $8,000. Social security tax rate is 6.2%; Medicare tax rate is 1.45%. . How much is the Payroll/FICA tax? Consider gross earnings of $85,000. The standard deduction is $12,000 and itemized deduction is $6,000. Social security tax rate is 6.2%; Medicare tax rate is 1.45%. . How much is the taxable income (for federal income tax)