1. Perform the calculation to prove that the 3 percent surtax on corporate income between $15,000,000 and $18,333,333 equals the benefit of the 34 percent tax rate on income of no more than...

1. Perform the calculation to prove that the 3 percent surtax on corporate income between $15,000,000 and $18,333,333 equals the benefit of the 34 percent tax rate on income of no more than $10,000,000.

2. If a taxpayer has $40,000 of employee salary, how much will be withheld for the Social Security and Medicare taxes? How would your answer change if the year was 2010?