1)On December 28, 2019, Diane and Gary are considering one last financial decision for 2019, a contribution of $1,000 to the American Diabetes Association. If they make the $1,000 contribution, it will be fully deductible on their 2019 income tax return. Their filing status is married filing jointly (MFJ). Their 2019 taxable income before this contribution is $200,000. If they make this contribution, what is its after-tax cost?

2)Nick and Nora work for Duration Construction Company. Nick is a project manager with an annual salary of $115,000 in 2019. Nora is an estimator with an annual salary of $135,000 in 2019.

a. How much Social Security (OASDI) and Medicare tax will Nick have to pay?

b. How much Social Security (OASDI) and Medicare tax will Nora have to pay?

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