Hello, here are the solutions of the questions. If you have questions regarding this, feel free to message me anytime. Q1: You recently landed the job of a lifetime! Your gross annual salary is $125,000. Beforetaxes, $120 is taken out for an HSA (Health Savings Account) each paycheck, followed bymedical insurance, which is 3.5%. Taxes (Federal, Social Security, and Medicare) are then takenout of your pay. You currently have 3 roommates, with whom you split rent and bills on a $2275per month townhouse where utilities (gas, water, electric, cable… etc) total another $735. Youhave an outstanding loan that costs you $250 per month. **Assume there are 2 pay periods (4weeks) in a month and that you are filing taxes in April 2022.1. What is your taxable income?2. How much is taken out ANNUALLY for Federal Taxes? Social Security? Medicare?3. How much money do you have left over at the end of …
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