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Need help on questions 7&8. My annual income is $52,435.00 dollar. 7) The following tax table provides Federal tax rates for a person with a

Need help on questions 7&8. My annual income is $52,435.00

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dollar. 7) The following tax table provides Federal tax rates for a person with a single ling status. 2018 Federal Tax $0 - $9 525 10% of total income 89 526 $38 700 _ $952.50 lus 12% of the amount over $9 525 I 538 701 - 7 82 500 84 453.50 his 22% of the amount over $38 700 For example, if your taxable income is $40,000. your estimated Federal Tax payment rounded to the nearest dollar is given by: Based on your annual taxable income in question ve, use this 2018 tax table to calculate the amount of Federal income tax you will owe. Round your nal answer to the nearest dollar. Your pay not only deducts federal and state tax, but includes a deduction for Social Security. The 2018 rate is 6.2% of your annual salary as listed in Question three. Do not use your taxable income as done in previous questions. lf6.2% of your annual salary is deducted for Social Security, how much is deducted from your salary annually? (Note: The maximum amount any individual will contribute Social Security per year is $7,254. Also, your employer is minted to match this amount.) Your pay also includes a deduction for Medicare. The 2018 rate is 1.45% of your annual sdary as listed in Question three. Do not use your taxable income as done in previous questions. If 1.45% of your earnings are deducted for Medicare, how much is deducted from U Focu

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