Question

Mr. Nussbaum is recording the payroll taxes for his employees for their two-week paycheck.The table shows the income of each employee. Complete the table below to determine the amountdeducted for each tax and their net income.NAMEGROSS INCOME1% MEDICARENET INCOME6% SOCIALSECURITYTOTAL TAXESWITHHELD3SANTIAGO$18.00 $129.50 11,7201999.ins.- 91 302PETER$1,850.00$1,400.00$2,000.00$950.00784.4014.JASMINEROYCE

Answer 1

To complete the table.

1. (Social Security) Calculate the 6% of the gross income. Multiply the gross income for 0.06.

2. (Medicare) Calculate the 1% of the gross income. Multiply the gross income for 0.01.

3. (Total taxes withheld) Sum the Social security and medicare.

4. (Net income) Substract the total taxes withheld from the gross income.

You get the next complete table: