Len Mast is married with three allowances. His weekly gross pay is $1,250. He will not reach the maximum taxable salary for Social Security purposes.

1. What is the amount that he will have deducted for Social Security taxes?

2. What is the amount that he will have deducted for Medicare taxes?

3. Using the percentage method, what is the amount that he will have deducted for FIT (Federal Income Tax)?

4. What is his net pay?

SOCIAL SECURITY TAX RATE: 6.2% MEDICARE TAX RATE: 1.45% MAXIMUM TAXABLE SALARY: $110,100 Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 73.08 146.15 158.33 316.67 950.00 1,900.00 3,800.00 14.62 TABLE 1WEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person, If the amount of wages (after If the amount of wages (after subtracting withholding The amount of income tax subtracting withholding allowances) is: to withhold is: allowances) is: Not over $41 $0 Not over $156 Over But not over- of excess over Over But not over- $41 - $209 $0.00 plus 10% -$41 $156 -$490 $209 -$721 $16.80 plus 15% -$209 $490 -$1,515 $721 - $1,688 $93.60 plus 25% -$721 $1,515 -$2,900 $1,688 -$3,477 $335.35 plus 28% -$1,688 $2,900 -$4,338 $3,477 - $7,510 $836.27 plus 33% -$3,477 $4,338 -$7,624 $7,510 $2,167.16 plus 35% -$7,510 $7,624 The amount of income tax to withhold is: $0 of excess over- $0.00 plus 10% -$156 $33.40 plus 15% -$490 $187.15 plus 25% - $1,515 $533.40 plus 28% - $2,900 $936.04 plus 33% -$4,338 $2,020.42 plus 35% -$7,624 TABLE 2BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person, If the amount of wages (after If the amount of wages (after subtracting withholding The amount of income tax subtracting withholding allowances) is: to withhold is: allowances) is: Not over $83 $0 Not over $312 Over But not over of excess over-Over But not over- $83 -$417 $0.00 plus 10% -$83 $312 -$981 $417 -$1,442 $33.40 plus 15% -$417 $981 -$3,031 $1,442 -$3,377 $187.15 plus 25% -$1,442 $3,031 -$5,800 $3,377 -$6,954 $670.90 plus 28% -$3,377 $5,800 -$8,675 $6,954 -$15,019 $1,672.46 plus 33% - $6,954 $8,675 -$15,248 $15,019 $4,333.91 plus 35% $15,019 $15,248 The amount of income tax to withhold is: $0 of excess over $0.00 plus 10% - $312 $66.90 plus 15% - $981 $374.40 plus 25% -$3,031 $1,066.65 plus 28% -$5,800 $1,871.65 plus 33% -$8,675 $4,040.74 plus 35% $15,248