Manny is paid $915 on a weekly basis. He is married and is entitled to 1 withholding allowance. How much income, social security, and Medicare taxes will be withheld, based on the combined wage bracket tables in Exhibits 9-3 and 9-4 from your text?

Question

Quizplus · Accepted Answer

Based on the combined wage bracket tables for a married individual with one withholding allowance, the correct amount for income, social security, and Medicare taxes would be calculated specific to the given wage and the details provided. The calculation involves determining the taxable income after allowances, applying the appropriate tax rates for social security (6.2%) and Medicare (1.45%), and adding the federal income tax withheld according to the wage bracket tables. The correct total, given the options, aligns with the calculations specific to the provided scenario.

Manny Is Paid $915 on a Weekly Basis