Question

Julia earned $2,000 during the month of September.
Use the paycheck statement to find the missing percent rates of the taxes Julia payed.

Answer 1

Based on the amounts Julia paid and the percentage rates, the missing amounts are:

• $124 for social security.
• $29 for Medicare.
• 13% for federal income tax.
• 6% for state income tax.

How much tax did Julia pay?

Julia's social security taxes were:

= 6.2% x 2,000

= $124.

Medicare amount:

= 1.45% x 2,000

= $29

Federal income tax:

= 260 / 2,000 x 100%

= 13%

State income tax:

= 120 / 2,000 x 100%

= 6%

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