6.Victor expects his gross income to be $38,000 this year, but Social Security, Medicare, federal income tax, and state income tax will be deducted from his pay. Victor lives in Illinois, which has a flat
state income tax of 3%, and he expects that 14% of his gross income will be withheld for federal
Income tax. He wants to calculate his projected take-home pay for the year. (5 points: Part 1 - 1 point;
Part 1 - 1 point, Part III - 1 point; Part IV. 1 point, Part V. 1 point)
Part 1: How much of Victor's gross income will be taken out for Social Security?