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Vocabulary Word	Vocabulary Definition	Answer
1. taxable income	a. a program that provides money for medical bill of retirees	1.
2. tax liability	b. an amount that directly reduces actual tax liability	2.
3. social security	c. a person who can qualify a taxpayer for an exemption	3.
4. net pay	d. the amount of money that is subject to income tax	4.
5. Medicare	e. the amount a person owes the IRS	5.
6. dependent	f. a person's "take home pay"	6.
7. deduction	g. insurance that provides income and benefits to a person after retirement	7.
8. credit	h. an amount subtracted from gross pay	8.

9. Remi is paid semi-monthly. Each paycheck is $1,979.17. Approximately how much is her annual income? ______________________________________

10. Bronson is paid biweekly. Each paycheck is $2,220. Approximately how much is his annual income? _______________________________

11. Aus's federal income tax liability was $3,275. His employer withheld $4,327.65. How much should Aus expect to get as a state refund? _____________________________

12. The Medicare rate in 2019 is 1.45%. Bill made $92,500 in 2019. How much money did Bill pay into Medicare in 2019. ___________________________________

13. The Social Security rate in 2019 is 6.2%. Bill made $92,500 in 2019. How much money did Bill pay into social security in 2019. ___________________________________

14. Refer to the tax table below: What is the tax liability for individuals with the following incomes and filing statuses?

a. Jon is married filing jointly their total income is $79,500. ____________________________

b. Bronson is single filing head of household his income is $163,200. ____________________

c. Remi is married, she files separately, her income is $ 37,692. _________________________

15. Lisa is married filing jointly. Lisa had an annual income of $56, 975. Her deduction were $5,650. What was her taxable income? ___________________________

Tax rate	Single	Married, filing jointly	Married, filing separately	Head of household
10%	$0 to $9,700	$0 to $19,400	$0 to $9,700	$0 to $13,850
12%	$9,701 to $39,475	$19,401 to $78,950	$9,701 to $39,475	$13,851 to $52,850
22%	$39,476 to $84,200	$78,951 to $168,400	$39,476 to $84,200	$52,851 to $84,200
24%	$84,201 to $160,725	$168,401 to $321,450	$84,201 to $160,725	$84,201 to $160,700
32%	$160,726 to $204,100	$321,451 to $408,200	$160,726 to $204,100	$160,701 to $204,100
35%	$204,101 to $510,300	$408,201 to $612,350	$204,101 to $306,175	$204,101 to $510,300
37%	$510,301 or more	$612,351 or more	$306,176 or more	$510,301 or more