Congratulations! You are now getting a regular paycheck. Although your annual salary is $30,000, you know that there are several deductions that will be taken out of your paycheck. Use the data provided in the chart to calculate the answers to the following questions:
| Filing Status: Single1 Withholding AllowancePaid semimonthly | Situation A | Situation B | Situation C | Difference C-A | Difference Over One Year (C-A) | |
| 1 | Gross Pay | $1,250.00 | $1,250.00 | $1,287.50 | ||
| 2 | Retirement Fund Contribution Pre-Tax Deduction | $0 | $100.00 | $100.00 | $100.00 | $2,400.00 |
| 3 | Taxable Pay | |||||
| 4 | Federal Income Tax* | $129.00 | $114.00 | $120.00 | ||
| 5 | State Income Tax (4.63% of taxable income, CO rate) | $57.875 | $53.245 | $54.981 | ||
| 6 | Social Security FICA Tax (6.2% of gross income) | $77.500 | $77.500 | $79.825 | ||
| 7 | Medicare FICA Tax (1.45% of gross income) | $18.125 | $18.125 | $18.669 | ||
| 8 | Total Tax Deduction | |||||
| 9 | Union Dues | $15.71 | $15.71 | $15.71 | ||
| 10 | Total Deductions | |||||
| 11 | Net Pay |