Mary makes $16,000 a month (gross). She is married and claims 5 exemptions. Her state income tax withholding is 5%. (Use the text’s limit for social security, for parts a-c.)

a. What is Mary’s net pay for January? (After ALL taxes and withholdings…don’t forget SS, Med., FIT…) Show each tax/withholding amount (list Gross, then list each tax subtracted out to get net pay).

b. What is Mary’s net pay for September? (Not cumulative, JUST September’s net pay.)

c. What are Mary’s total taxes paid/withheld for the year? (Specify amounts for each tax.)

d. What is the current year’s income limit (base) for social security and maximum social security tax payable (in dollar amount)?