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Marty's friend Tom makes and hourly wage of $15.00 per hour. Using that there are 40 hours in a standard work week, there are 52 weeks in a year, Social Security Tax is $6.20 for every $100 earned, Medicare Tax is $1.45 for every $100 earned, and the following income tax designations, calculate the following (round your answers to the nearest penny if needed): A. Tom's annual income tax is $B. Tom's net annual income is $C.Tom's net monthly income is $

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Given:-

Marty's friend Tom makes and hourly wage of $15.00 per hour. Using that there are 40 hours in a standard work week, there are 52 weeks in a year, Social Security Tax is $6.20 for every $100 earned, Medicare Tax is $1.45 for every $100 earned.

To find:-

A. Tom's annual income tax.

B. Tom's net annual income.

C.Tom's net monthly income .

So toms wage per week is,

[tex]40\times15=600[/tex]

So wage per week is $600.

So total income tax is,

[tex]6(6.20+1.45)=6\times7.65=45.9[/tex]

So the annual income tax is,

[tex]52\times45.9=2366[/tex]

So the required income tax is $2366.

Tom's net annual income is,

[tex]52\times600=31200[/tex]

So toms net annual income is $31200.

Tom's net monthly income is,

[tex]600\times4=2400[/tex]

So net monthly income is $2400.