Lauren works for Northrope Corporation. His annual salary is $65,235.50.
6. What is Lauren's annual Social Security deduction?
7. What is Lauren's annual Medicare deduction?
8. Lauren's is paid every other week. What is his biweekly gross pay?
9. Each pay period, Lauren's employer deducts $418.63 for federal income tax.
What percentage of Lauren's yearly salary is withheld for federal income tax?
10. If Lauren's is taxed at an annual rate of 3.65% for city tax, how much is
deducted from his salary per paycheck for city tax?
11. Lauren's net pay for each pay period is $1,347.34. What percent of his
biweekly gross pay is deducted from his salary to yield this net pay amount
12. As of January 1, Lauren's will receive a 12.5% raise. What will Lauren's
annual salary be?