Carolyne is paid $4,000.00 biweekly. This year, to date, she has earned $27,300.00. What will be the total deduction for Social Security and Medicare taxes on her next paycheck? (Social Security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.) $306.00 $321.30     $336.60 $344.25

Q: 2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates…

A: A payroll register is maintained by the employee. In this register, the employee records the details…

Q: Dr. Josef Young earns an adjusted gross weekly income of ​$2,584. How much Social Security tax…

A: The social security tax withheld is the weekly income multiplied by the social security tax rate.…

Q: Westway Company pays Suzie Chan $3,000 per week. Assume Social Security is 6.2% on $128,400 and…

A: Deductions: When the taxpayer is given some exemption from tax by the government or the concerned…

Q: Rudolph Fabrizio earned gross pay of $3,600. Each period he contributes 4% of gross pay to a…

A: The wage base cap for social security tax for 2020 is $ 137700.  As Rudolph fabrizio current year…

Q: Use the 2021 tax rates to find Social Security and Medicare deductions for the following problems.…

A:

Q: It is August 2020.  You are calculating the monthly paycheck, including employee withholding, and…

A: Payroll entries : In general, Payroll entries are the entries which records the compensation paid to…

Q: You have been working at a local distributor for the past couple of years. Your bi-weekly salary is…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Jennifer made $74,900 last year. She pays 6% state income tax, 15% federal income tax, 6.2% for…

A: Gross monthly income is the amount that is paid by an employer to the employee monthly before…

Q: Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is…

A: Given: Wages = $5,300 Social security tax = 12.4% Medicare tax = 2.9%

Q: What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly…

A: Payroll tax: This is the tax which is withheld by an employer from the pay of the employee and…

Q: maggie vitteta, single, works 40 hours per week at $12.00 an hour. how much is taken out for federal…

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Q: During a recent week, Charlie Scott works 37 regular hours. He earns $9/hour and contributes 3% of…

A: Taxable income is the portion of your gross income that the IRS deems subject to taxes. It consists…

Q: 13.What will be the total deduction for social security and Medicare taxes on Rony's next…

A: In this question, we will find the total deduction for social security and Medicare Social security…

Q: Employees in 2020 pay 6.2% of their gross wages towards social security (FICA tax), while employers…

A: Federal Insurance Contributions Act tax is a payroll tax that covers both the salaried and…

Q: Baker Green's weekly gross earnings for the week ending December 7 were $2,800, and her federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…

Q: Todd Hackworth’s weekly gross earnings for the week ending December 18 were $2,000, and his federal…

A: Net pay = Gross pay - Federal income tax withheld - Social security tax withheld - Medicare tax…

Q: Dustin Ambrose is married and claims 3 allowances. His gross weekly pay is $628.00. Each week he…

A: Net Pay: Net Amount receivable after all the deductions.

Q: 16. Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are…

A: Social security tax and Medicare taxes are to be paid each quarter by self employed person.

Q: Portia Grant is an employee who is paid monthly For the month of January of the current year, she…

A: The answer is stated below:

Q: Maggie Vitteta, single, works 30 hours per week at $14.00 an hour. How much is taken out for federal…

A: Here asking about to calculate the Federal Income taxes using the withhold allowance for single tax…

Q: Davis and Thompson have earnings of $850 each.  The social security tax rate is 6% and the Medicare…

A: Medicare tax for Employee and Employer = Earnings x Medicare tax rate x 2 = $850 x 1.5% x 2 = $25.50

Q: Social

A: Value of social security & medicare tax can be calculated by multiplying the tax rate with the…

Q: Sue earned $56,000 working for an employer in the current year. The current rate for Social Security…

A: Note: FICA taxes include the social security tax and the Medicare tax. Social Security tax = Gross…

Q: Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions…

A: Here to ask to prepare to find the tax details of social security taxes, Medicare taxes and federal…

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Q: Amy's gross pay for the week is $850. Her deduction for federal income tax is based on a rate of…

A: Net pay = Gross pay - Total deductions.

Q: tion. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from…

A: Gross earnings is the income earned by an employee during the pay period which includes regular…

Q: Determine Miller's take-home pay if she is married and claims 2 allowances (use the wage-bracket…

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Q: Nellie has paid $3358.46 in CPP this year. She makes $2800.00 per pay and is paid bi-weekly How much…

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Q: Baker Green's weekly gross earnings for the week ending December 7 were $1,200, and her federal…

A: Social Security amount = Gross earnings ×social Security rate = $1200× 6% = $72

Q: Westway Company pays Suzie Chan $3,150 per week. Assume Social Security is 6.2% on $128,400 and…

A: Given that: Per week pay = $3150 Social security tax rate = 6.2% Medicare tax rate = 1.45%

Q: Baker Green's weekly gross earnings for the week ending December 7 were $1,800, and her federal…

A: Computation of Social Security amount is as follows: =$1800×6.0%=$108 Computation of Medicare amount…

Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

A: Tax is the part of income which a business is liable to pay the government.

Q: 4. Juan Rodriguez earns $14.00/hour, and worked 48 hours during the most recent week. He makes a…

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Q: You interviewed for a job that pays $68,500 annually. You pay 6% to Social Security, 1.7% to…

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Q: Suppose people can live in two periods. In the first period people are young and they Work. Each…

A: Social security :- In the United States, the Social Security programmed protects workers from losing…

Q: Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes…

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Q: first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from

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Q: An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is…

A: Calculation of Net pay for the month of January is as follows:

Q: her pay. Whiteweiler contributes $50 each week to her company's 401(k) plan and has $50 put into her…

A: Given Data: Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal…

Q: Reggie makes $400 per week and has a cash taxable benefit of $5 00 per pay He is paid weekly How…

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Q: Compute Austin's total social security and Medicare taxes for the fourth quarter. if she is…

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Q: Sabrina Duncan had gross earnings for the pay period ending 10/15/20X1 of $5,785. Her total gross…

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Q: ral income tax withholding was $144. Assuming the social

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Q: 3. Nathan Upton earns $11.80/hour, and worked 42 hours during the most recent week. He does not make…

A: A payroll register is maintained by the employee. In this register, the employee records the details…

Q: Alys makes ​$450 per week. How much will be withheld from her weekly check for Social Security​…

A: In the given question we require to calculate the amount withheld from her weekly check for Social…

Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

A: Lenders and landlords evaluate an individual's gross income to decide if that person is a worthy…