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Write the dual maximization problem. Be sure to rename the variables.
Minimize subject to
Withholding Allowance
An exemption that reduces how much income tax an employer deducts from an employee's paycheck.
Federal Withholding Tax
Taxes automatically deducted from an employee's paycheck by the employer and paid to the federal government.
FICA Taxes
Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required to be paid by both employees and employers.
FICA Tax
Federal Insurance Contributions Act tax, a U.S. payroll tax that funds Social Security and Medicare, split between employers and employees.
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