What are the social security and medicare taxes

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Reference no: EM132770306

Problem 1: Luke earned $5700 in January. If he is married filing jointly and claims 1 child tax credit and 2 allowances, find his net pay.

Problem 2: Sabrina has earnings this pay period of $7700. Her previous cumulative earnings were $136,010. What are the social security and Medicare taxes for this pay period?

Problem 3: What is the single discount equivalent for the series discount 10/20/30?

Problem 4: A floor drill press is purchased for $677.43 and marked up to a sale price of $1186.92. If operating expenses are 45% of cost, what is the breakeven point?

Reference no: EM132770306

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