Gross Pay x Tax Rate = Tax WITHHELD
Social Security Tax Rate 6.2% Medicare Tax Rate 1.45%
Directions: Using the information provided, complete the calculations to determine tax withholdings and net pay.
1. What is Samuel’s withholdings?
Gross Pay $4200
Social Security Tax withholding_______________ (1pt)
Medicare Tax withholding___________________(1pt)
Net Pay__________________________________(1pt)
2. What is Jennifer’s withholdings?
Gross Pay $6500
Social Security Tax withholding_______________(1pt)
Medicare Tax withholding___________________(1pt)
Net Pay__________________________________(1pt)
3. What is Timothy’s withholdings?
Gross Pay $3400
Social Security Tax withholding________________(1pt)
Medicare Tax withholding____________________(1pt)
Net Pay___________________________________(1pt)
4. With is Amber’s withholdings?
Gross Pay $1100
Social Security Tax withholding________________(1pt)
Medicare Tax withholding____________________(1pt)
Net Pay___________________________________(1pt)
