Chapter 2 Review

You have just accepted your first full-time job as an assistant manager trainee. You will be earning a salary of $530 per week. You are single and claim 2 allowance. How much is deducted from your weekly paycheck for federal income tax?

You have just accepted your first full-time job as an assistant manager trainee. You will be earning a salary of $425 per week. Your state tax rate is 3.3% on all gross earnings. How much is deducted from your weekly paycheck for state income tax?

You have just accepted your first full-time job as an assistant manager trainee. You will be earning a salary of $425 per week. Your Hamilton County tax rate is 1% on all gross earnings. How much is deducted from your weekly paycheck for Hamilton County tax?

You have just accepted your first full-time job as an assistant manager trainee. You will be earning a salary of $425 per week. Social Security tax is deducted at the standard rate of 6.2%. How much will you pay into Social Security each week?

You have just accepted your first full-time job as an assistant manager trainee. You will be earning a salary of $425 per week. Medicare is deducted at the standard rate of 1.45% on all earnings. How much will you pay into Medicare each week?

You know it is a good idea to have medical insurance. Since your employer is offering to pay 65% of the annual cost, you decide to participate in the company's plan. If the plan has an annual cost of $3,000, how much is deducted from your weekly paycheck for your share of the medical plan?

What is the yearly you will pay in Social Security taxes if your annual salary is $87,612?

Georgia Fogarty's gross weekly salary is $943. Her weekly federal withholding is $101. The Social Security tax is 6.2% of her gross pay. The Medicare tax is 1.45% of her gross pay. The state tax is 3.3% of her gross pay. Each week she pays $42.67 for medical insurance. What are Fogarty's' total deductions?

Emily Jones' gross weekly pay is $1,237. Her earnings to date for the year total $34,636. What amount is deducted from her pay this week for Social Security, which is taxed at 6.2%? For Medicare, which is taxed at 1.45%?

Jane Doe's gross pay for week this week is $557. She is single and claims two allowances Use the figure to find out what amount will be withheld from Garza's pay for Federal Income Tax? Adding Social Security at 6.2%, Medicare at 1.45%, State Income tax at 3.3% and Hamilton County tax at 1%, What are her total deductions for this pay period?