Question: Jim Push, a manager for Marvy Co . , has weekly earnings subject to deductions for Social Security, Medicare, and FIT. Before this payroll, Jim

Jim Push, a manager for Marvy Co., has weekly earnings subject to deductions for Social Security, Medicare, and FIT. Before this payroll, Jim has earned $142,000 and is therefore $800 below the maximum level for Social Security. What will his net pay be if he earns $2,800 this week? Jim is married filing jointly. Use the percentage method. Assume a FICA tax rate of 6.2%. The maximum amount of income subject to Social Security tax is $142,800. State Income Tax is 6.0%.(Use Table 9.1 for calculations for Federal Tax.)
Please show all of the steps that you used to calculate and the amounts for the following:
Social Security
Medicare
Federal Income Tax (FIT)
State Income Tax (SIT)
Net Pay
Please number your answers. Consult the rubric to see how you will be graded.
 Jim Push, a manager for Marvy Co., has weekly earnings subject

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