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? Use the Social Security tax rate of 6.2% of the first $97,500 and Medicare tax rate of 1.45% on all income when solving the
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Use the Social Security tax rate of 6.2% of the first $97,500 and Medicare tax rate of 1.45% on all income when solving the following problems. (2 points) 4. Shelly Kelso's gross pay this month is $6,223. Her earnings to date for this year are $23,631. How much does her employer deduct from her paycheck this month for a) Social Security and b) Medicare? Find the deductions and the net pay. Social Security is 6.2% of the first $97,500. Medicare is 1.45% of all income. Use the included tax tables from pages 6-7 for federal tax. The state tax is 2% of gross pay, and the local tax is 1.5% of gross pay. (2 points) 6. Orville Staples is a painter who earns $30,000 a year. He is single and claims 3 allowances. Weekly deductions include $34.50 for medical insurance and union dues of $15.00. Dept Employee Check Number Gross Pay Net Pay Orville Staples 235 a. i. FIT Medicare State Local b. d. e. f. 55 Medical Union Dues Others g. h. 0.00 . 7. Use the table below to determine what the Miller's average electricity bill was for July, August, and (1 point) September. $ July Mortgage Loan Groceries Electricity Dentist Phone/Internet Gasoline Water/Sewer Credit Card(s) Baseball Game Gift Clothing Car Loan Car Repair Total August 5 675.00 Mortgage loan 275.00 Electricity 121.47 Restaurants 143.50 Movies 37.85 Phone Internet 118.60 Groceries 41.45 Gasoline 121.74 Water/Sewer Bill 52.50 Credit Cards) 45.00 Gift 151.56 Dry Cleaning 278.50 Car Loan 126.36 Home Repair September 5 675.00 Mortgage Loan $ 675.00 15356 Electricity 125.88 119.30 Airplane ticket 352.00 29.50 Doctor Copy 25.00 47.29 Phone Internet 37.85 319.00 Gasoline 96.74 123 36 Groceries 285.92 89.94 Football Game 66,00 298.65 Credit Cards 171.28 8595 Water/Sewer 56.66 26.88 Home Repair 96.45 278.50 Car Loan 278.50 275.68 Fuel Oil 198.31 $2,522.61 Total $2.465 59 $2,188.53 Total Step by Step Solution
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