Question
Marie Marie is a college professor. Her annual salary is $66,000. Her Gross Monthly Income is $5,500.00 1. What is her Monthly Social Security (FICA)
Marie
Marie is a college professor. Her annual salary is $66,000.
Her Gross Monthly Income is $5,500.00
1. What is her Monthly Social Security (FICA) (6.2%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
2. What is her Monthly Federal Income Tax (18.7%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
What is her Monthly Federal Income Tax (18.7%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
3. What is her Monthly Medicare (1.45%)?
Hint: Do not include a dollar sign ($) in your answer. Make sure to round up to the nearest 100th (0.00)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started