Use the table to complete Exercises 2 and 3.

If your taxable income is
At least:
But less than:
Your tax is:
$1
$8,700
10%
$8,700
$35,350
15%
$35,350
$85,650
25%
$85,650
$178,650
28%
$178,650
$388,350
33%
$388,350
Above
35%

2. William earns $13,644.80 per year, and has his federal taxes withheld from each weekly check. In addition, a total of $53.60 is deducted from each check for Social Security and Medicare. How much is his net pay for each weekly check?



3. Laura earns $134,350 per year. Use Laura’s income tax rate to determine what her monthly deduction should be.

4. Laura takes the following deductions from income when filing her taxes:
charity: $4,000 mortgage interest: $12,200 property tax: $4,090 If she paid the estimate found above, how much will her refund be?