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Question 1 - Given an entry-level advertising associate named Marty. Marty makes $28,000 per year. He is paid bi-weekly. Marty is single and claims 1

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Question 1 - Given an entry-level advertising associate named Marty. Marty makes $28,000 per year. He is paid bi-weekly. Marty is single and claims 1 dependent (himself). Marty is enrolled in health insurance through his job and pays $95 per paycheck. Construct a paycheck for Marty a. Find gross pay b. Find net wages (Gross Pay - Health Insurance costs) c. Find FICA Social Security and FICA Medicare deductions d. Find taxable income (Net Wages - Qualified Deductions) e. Find Federal Tax Withheld f. Find State Tax Withheld & Find Net Pay (Taxable income - All Taxes Paid) Marty's Paycheck Mandatory Deductions Elective Deductions Job FICA - Social Security Health Insurance Salary FICA. Medicare Retirement Plan Gross Pay Federal Tax Withheld State Tax Withheld Net Pay

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