1. You make $45,500 a year. You budget $3,000 for gasoline annually and half of the price of the gas is tax. What percentage of your income do you pay in gas tax? 2. If you earned a salary of $30,000,...

1. You make $45,500 a year. You budget $3,000 for gasoline annually and half of the price of the gas is tax. What percentage of your income do you pay in gas tax?

2. If you earned a salary of $30,000, what would be your total FICA taxes?

a. How much would you pay in taxes for Social Security for the year? For Medicare?

b. How much did your employer pay in Social Security tax and Medicare tax on your behalf?