1. Ted makes $50,000 a year as an architect. He is single and claims one allowance. The state tax rate is
4.25% and the local tax rate is 1.2 %. His architecture firm pays 65% of his medical insurance, which
costs $2190 a year. The firm also pays 30% for dental insurance which costs $900 a year.
a. How much does Ted make a week?
b. What amount is deducted from his weekly paycheck for federal income tax? (use the chart)
C. What amount is deducted from his weekly paycheck for state income tax?
d. What amount is deducted from his weekly paycheck for local income tax?
e. What amount is deducted from his weekly paycheck for Social Security tax, which is taxed at
6.2% on the first $110,100?
f. What amount is deducted from his weekly paycheck for Medicare, which is taxed at 1.45%?
g. What amount is deducted from his weekly paycheck for medical insurance?
h. What amount is deducted from his weekly paycheck for dental insurance?
i. What is the total amount of all his deductions from his weekly paycheck? (add answers a-h)
to income
j. What is Ted's weekly net pay?
