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# 1. Figure Wayne’s paycheck amount for this week: See Chap…

1. Figure Wayne’s paycheck amount for this week: See Chapter 5.  Include your figures for each step. (20 points) His federal income tax withholding is \$45.00.         HIs state income tax withholding is \$128.55.         FICA is 6.20%.  Medicare is 1.45%. 2. Create a Budget Worksheet. See Chapter 6.   (30 points) Using yourself or someone you know (no names necessary), prepare a one-month work sheet budget.  The Sample Budget appears in the Module 4 section.  Make sure you have a final figure for your net income for both your expected amount and your actual amount. Answer the following questions (10 points each): 1. When are you most likely to need a cashier’s check? 2. Hannah is selling her car on Craig’s list. The buyer offered her a good price and was going to give her a personal check. What should she do? 3. Which is the safest for the consumer, the charge card or the debit card? Why? 4. Ted has a checking account that charges \$5 per month for 10 checks. After that, the fee is \$.25 per check. This month Ted wrote 28 checks. What is cost for the month? 5. If you made \$12 per hour this year and were given a cost of living increase of 2%, what would you now make in a week if your worked an average of 30 hours per week. Submit your work in the by the due date

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