Refer to the following table to answer the following questions:
-Using the table,what is the total payroll tax bill (assume zero state and local income taxes)for someone who makes $67,000 per year?

Question

Refer to the following table to answer the following questions: 
-Using the table,what is the total payroll tax bill (assume zero state and local income taxes)for someone who makes $67,000 per year?

Quizplus · Accepted Answer

The total payroll tax bill is the sum of the federal income tax, Social Security tax, and Medicare tax. For someone who makes $67,000 per year, the federal income tax is $10,751.25, the Social Security tax is $5,125.50, and the Medicare tax is $1,058.50. Therefore, the total payroll tax bill is $17,905.25.

Refer to the Following Table to Answer the Following Questions