Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.)

Claimed 4 allowances at a rate of $76.90 per allowance for weekly payroll.

Taxable income is therefore;

= 3,500 - (76.90 * 4 )

= $‭3,192.4‬0

Federal Income Tax (FIT).

With taxable income of $‭3,192.4‬0, Pat falls into the $3,073 to $4,597 bracket where tax is $565.15 plus 28% of anything above $‭3,073. Status is married.

= 565.15 + (28% * (‭3,192.4‬0 - 3,073))

= 565.15 + 33.43

= $‭598.58

Social Security

= Gross pay * 6.2%

= 3,500 * 6.2%

= $‭217‬

Medicare

= 3,500 * 1.45%

= $‭50.75‬

Net Pay

= 3,500 - 598.58 - 217 - 50.75

= $‭2,633.67‬

$5

Step-by-step explanation:

Let the cost of one burger be $b while the cost of one small fries be s

2 burgers and 2 small fries cost $14

This means that;

2b + 2s = 14

divide both sides by 2

b + s = 7 •••••••• (i)

Three burgers and four small fries cost $23

Mathematically;

3b + 4s = 23 •••••••• (ii)

From i , we can see that s = 7- b

we can now substitute this into equation ii

3b + 4(7-b) = 23

3b + 28 -4b = 23

4b -3b = 28 -23

b = $5

one burger costs $5