Chapter 2 and 3 Review

Brenda Brown is single and has a weekly gross income of $450. If she claims 2 withholding allowances, how much is withheld from her weekly paycheck for FIT? 

• $22
• $46
• $36
• $38

Liana Lytle’s gross pay is $26,300. She takes a married exemption of $3,000. Her state income tax rate is 5.5 percent. How much will she pay in state tax?

• $1281.50
• $1982.00
• $1344.80
• $1821.25

Andrea Butler’s gross biweekly pay is $1,078. Her earnings to date for the year total $43,120. What amount is deducted from her pay for Social Security taxes if the rate is 6.2 percent?

• $78.90
• $125
• $66.84
• $12

Marika Perez’s gross biweekly pay is $2,768. Her earnings to date for the year total $80,272. What is deducted for Medicare, which is taxed at 1.45 percent? 

• $40.14
• $56.99
• $15.00
• $132.00

Wayne Wallace has family medical coverage through the group medical plan that his employer provides. The annual cost of Wallace’s family plan is $5,500. His employer pays 48 percent of the cost. How much is deducted from his weekly paycheck for medical insurance?

• $67
• $87
• $98
• $55

Natasha Larkin’s gross weekly salary is $1,675. The Social Security tax is 6.2% of the first $84,900. By the end of the year, how much has Larkin paid in Social Security tax? 

• $5675.90
• $5263.80
• $5400.20
• $5762.30

Doug Wright’s taxable income is $51,900. Using the graduated tax table shown, how much will he pay in state tax?

• $2854.00
• $3114.00
• $8044.50
• $2756.25

William Seitz’s annual salary is $80,200.He takes a single exemption and one for his son. Using the graduated income tax rates and exemptions shown , find the annual state tax withheld.

• $5229
• $5600
• $5211
• $5800

Aneas Arnold sells lighting supplies. She travels all over New England. Her total monthly expenses for August, September, and October were $2,700, $1,100, and $2,200. What was her average monthly expenditure?

• $2200
• $2000
• $3000
• $6000