Larry is single, claims one withholding allowance, and earns $2,450 per month. What is his taxable income using the percentage method?
2450.00
(b) What is the income tax on Larry's taxable income?
+
2450.00
345.80
(c) What is the amount of social security taken out of Larry's paycheck?
2104.2
x 0.062
X
<= 151.90
(d) What is the total amount of Medicare taken out of Larry's check?