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You have a job at a real-estate agency in the small country ofFrugalia, where you are paid 72,000francs (the currency ofFrugalia)a year. You are now

You have a job at a real-estate agency in the small country ofFrugalia,

where you are paid 72,000francs (the currency ofFrugalia)a year. You are now faced with the decision of whether to work a second job at the local university teaching a real-estate investing class, where the pay is 45,000francsa year. Social insurance tax and income tax rates are listed below.

Social insurance taxes: 7.65% on your first 110,100francsof total income

Income taxes:Taxable income (infrancs)Tax rate

0-8,700 10%

8,700-35,350 15%

35,350-85,650 25%

85,650-178,650 28%

Part 1

Using the information above, what would be the total amount you pay in social insurance taxes on your second job?

Part 2

What is your income tax bill for the second job?

Part 3

What is your total tax bill for the new job?

can you please help me with part 2 and 3

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