Warm up quiz: (no notes)
1. What is federal income tax used for?
2. What is state income tax used for?
3. What is FICA used for?
4. What is exempt from withholding?
5. What is a w-4 form?
6. What is net pay?
7. What are two factors used to determine your FIT?
8. Jake makes $350 is single and claims 1. What is his FIT? (page 642-643 in book)
9. Jodie makes $300 is married and claims 0. What is his FIT?
10. What is gross pay?
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