Garrett Hudson earned $895 this week. The deductions from his pay were as follows: FIT $86.00 FICA—OASDI 55.49 FICA—HI 12.98 State income tax 27.75 State disability insurance 6.71 Health insurance premium 31.00 Credit union contribution 50.00 United Fund contribution 10.00 Hudson's employer just received a garnishment order (credit card debt of $2,140) against his pay. Compute the following: Round your answers to the nearest cent. a. Hudson's disposable earnings $ b. The amount of his pay subject to the garnishment $
Garrett Hudson earned $895 this week. The deductions from his pay were as follows: FIT $86.00 FICA—OASDI 55.49 FICA—HI 12.98 State income tax 27.75 State disability insurance 6.71 Health insurance premium 31.00 Credit union contribution 50.00 United Fund contribution 10.00 Hudson's employer just received a garnishment order (credit card debt of $2,140) against his pay. Compute the following: Round your answers to the nearest cent. a. Hudson's disposable earnings $ b. The amount of his pay subject to the garnishment $
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 1BCRQ
Related questions
Question
100%
Garrett Hudson earned $895 this week. The deductions from his pay were as follows:
FIT | $86.00 |
FICA—OASDI | 55.49 |
FICA—HI | 12.98 |
State income tax | 27.75 |
State disability insurance | 6.71 |
Health insurance premium | 31.00 |
Credit union contribution | 50.00 |
United Fund contribution | 10.00 |
Hudson's employer just received a garnishment order (credit card debt of $2,140) against his pay. Compute the following:
Round your answers to the nearest cent.
a. Hudson's disposable earnings | $ |
b. The amount of his pay subject to the garnishment | $ |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning