What would your tax amount be ?
(Hint: Your Gross Amount x's your tax bracket percent)
What would your Net Pay be?
What is the amount before taxes called ?
What is the amount after taxes called ?
Let's Breakdown Some of These Taxes !
The below taxes are paid to help our Senior Citizens, of which we will all be one day.
Federal Insurance Contributions Act
Social Security Insurance
Medical Insurance for the elderly and disabled people.
What would your FICA Tax be on your Gross Pay above ?
What would your MCARE Tax be on your Gross Pay above ?
What was the total amount of (FICA & MCARE) taxes you paid ?