What percentage of every paycheck do Americans automatically pay for the Social Security tax?
What percentage of every paycheck do Americans automatically pay for the Medicare tax?
What percentage of every paycheck do Americans automatically pay for the two Payroll taxes combined?
Suppose a manager makes $50,000 a year. How much will they contribute to Social Security each year?
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?
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)
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?
A general manager at Chipolte makes on average $60,000. How much will the employee contribute to Medicare each year?
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)?
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?
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)?