Victor expects his gross income to be $48,000 this year, but FICA, federal income tax, and state income tax will be deducted from his pay. Victor lives in Illinois, with state income tax of 4.95%, FICA (7.65%), and he expects 22% will be withheld for federal income tax. He wants to calculate his projected take-home pay for the year.

Part I: How much of Victor's gross income will be taken out for FICA?

Part II: How much of Victor's gross income will be taken out for federal income tax?

Part III: How much of Victor's gross income will be taken out for state income tax?

Part IV: What is Victor's projected take-home pay for the year