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- Federal Income Tax
- Social Security Tax
- Medicare Income Tax
Income 2- $86,575.00
- Federal Income Tax
- Social Security Tax
- Medicare Income Tax
Income 3- $31,250.00
- Federal Income Tax
- Social Security Tax
- Medicare Income Tax
Aaron works at Walmart for 20 hours a week during the school year (for 10 months). He earns $7.75 an hour and typically works 80 hours in a month. Find his:
-Gross Monthly Income $620
- Monthly Federal Income Tax (10%) $62
- Monthly Social Security Tax (6.2%) $38.44
- Monthly Medicare Tax (1.45%) $8.99
- Monthly State Tax (4%) $24.80
-Net Monthly Income $485.77
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