Use the following job scenarios to determine what is being asked. 1) You are offered a position in a law firm that pays $35 an hour . You are expected to work hours a daydays a week. Your employer gives you 3 paid vacation days, 3 paid sick days, and covers health insuranceYou will have 4.25% of your income withheld for Social Security, 2% of your income withhel for Medicare10% of your income withheld for federal taxes, and 5% of your income withheld for retirementThis year, you plan to take 8 vacation days and no more than 3 sick days(SHOW YOUR WORK!!!). 1 Gross annual income 2 Gross monthly income 3 Social Security Deduction 4 Medicare Deduction 5 Federal Taxes Deduction 6 Social Security + Medicare + Federal Taxes 7 Monthly income after Social Security , Medicare , and Federal Taxes. 8 Vacation 9 Sick Leave 10 Retirement 11 Insurance 12 Vacation + Sick Leave + Retirement Insurance 13 Net monthly income