1. Briefly describe the reason and calculation behind the Social security and Medicare taxes you might see in your annual W2?
2. Phan Mai is a single taxpayer with two dependent children under age 17. Phan estimates her wages for the year will be $36,000, will have $5,700 of dependent care expenses, and her itemized deductions will be $11,000. Phan files as the Head of Household. Follow the steps in Form W-4 to determine how many withholding allowances should Phan claim. Please put your number for letter H here: