From Exercise 2, calculate Ben's net pay. The state income tax rate is 5%, and health insurance is $35.

In Exercise 2

Ben Stein, single, claiming one exemption, has cumulative earnings before this biweekly pay period of $116,200. If he is paid $1,980 this period, what will his deductions be for FIT and FICA (OASDI and Medicare)? The FICA tax rate for Social Security is 6.2% on $117,000, and Medicare is 1.45% on all earnings.