What percentage of every paycheck do Americans automatically pay for the Social Security tax?
Question 2
2.
What percentage of every paycheck do Americans automatically pay for the Medicare tax?
Question 3
3.
What percentage of every paycheck do Americans automatically pay for the two Payroll taxes combined?
Question 4
4.
Suppose a manager makes $50,000 a year. How much will they contribute to Social Security each year?
Question 5
5.
Garrett owns an art and antique store and has a single employee. He pays the employee $45,000 a year. How much SS tax will he have to pay for his employee?
Question 6
6.
The president of the USA makes $400,000 a year. How much will the president pay in SS tax every year?
(Remember, you only pay SS and Medicare taxes on your first $160,200 earned annually)
Question 7
7.
The average salary for a retail assistant in WA is $15 an hour. Suppose a worker is paid weekly and works 40 hours a week. How much will they pay in SS taxes each paycheck?
Question 8
8.
A general manager at Chipolte makes on average $60,000. How much will the employee contribute to Medicare each year?
Question 9
9.
Suppose a field technician makes $22 an hour. How much will they pay in Medicare taxes every paycheck if they are paid biweekly (Assuming 40 hours a week)?
Question 10
10.
Suppose the field technician (from the previous problem) works 50 hours a week, with the last 10 hours being overtime and getting paid time and a half.
In this scenario, how much will they pay in Medicare taxes if the paycheck is biweekly?
Question 11
11.
A employee at Safeway makes $13 an hour. If their paycheck is for 25 hours, how much will they pay in FICA taxes (SS and Medicare together)?