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please show formulas Show all formulas used! Show work! Circle final answers! 13. Mark earned $40,208 from wages as a mechanic and made $1,539 in
please show formulas
Show all formulas used! Show work! Circle final answers! 13. Mark earned $40,208 from wages as a mechanic and made $1,539 in interest. Calculate his FICA tax using the table below. Heads of Households 2013 Federal Married Filling Jointly & Married Filling Single Tax Rates Surviving Spouses Separate Returns Personal Exemption $3,900 Std Deduction $6,100 $12,200 $6,100 1096 50 - 52,925 $0-$17,850 $0 - $8.925 1596 $8,926-536,250 $17,851 - 572,500 $8.926-536,250 2595 536,251 - 587,850 $72,501 - 5146,400 $35,251 - 573,200 2895 $87,351 - $183,250 $146,401 - $223,050 $73,201 -5111,525 3395 $183,251 - $398,350 $223,051 - $393,350 $111,526 - $199,175 3595 $398,351 - $400,000 $398,351 - $450,000 $199,176 - $225,000 39.695 over $400,001 over $450,001 over $225,000 S www.sovingtainvest.com $6,100 50 - $12,750 $12,751 - $48.600 $48,601 - $125,450 $125,451 - $203,150 $209,151 - $398,350 $398,351 - $425,000 over $425,000 Source - 195.govStep by Step Solution
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