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To help pay for college, you worked part - time at a local restaurant, earning $ 2 0 , 0 0 0 in wages and
To help pay for college, you worked parttime at a local restaurant, earning $ in wages and tips. Use the following information to complete parts a through c
Employee's Rates
on first $ of income
of income in excess of $
Matching Rates Paid by the Employer
on first $ paid in wages
of wages paid in excess of $
SelfEmployed Rates
on first $ of net profits
of net profits in excess
of $
c Including both FICA and income tax, what percentage of your gross income are your federal taxes?
Federal taxes are
Round to one decimal place as needed.
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