6. Victor expects his gross income to be $48,000 this year, but Social Security, Medicare, federalincome tax, and state income tax will be deducted from his pay. Victor lives in Illinois, which has aflat state income tax of 4.95%, and he expects that 22% of his gross income will be withheld forfederal income tax. He wants to calculate his projected take-home pay for the year. (5 points: Part 1 -1 point; Part II - 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?