ont use any Ai site cource hero bartleby for answering Grace Kelly earns $2,000 per week. She is married and claims two exemptions. What is Grace's income tax? Use the percentage method
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- ESTIMATING TAXABLE INCOME, TAX LIABILITY, AND POTENTIAL REFUND. Hannah Owens is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned 55,000 as a sales assistant for Business Solutions: 3,910 of her wages was withheld for federal income taxes. In addition, she had interest income of 142. She takes the standard deduction. Calculate her taxable income, tax liability, and tax refund or tax owed for 2015.Eagle Life Insurance Company pays its employees 0.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus 100 a month for the cost of a pass. Tom collected 100 for his automobile mileage, and Mason received 100 as reimbursement for the cost of a bus pass. a. What are the effects of the above on Toms and Masons gross income? b. Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work is 0.30 per mile. What are Toms and Masons after-tax costs of commuting to and from work?Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.
- Grace Kelley earns $2,000 per week. She is married and claims 2 exemptions. What is Grace’s income tax? Use the percentage method (Use Table 7.1 and Table 7.2). (Round your final answer to the nearest cent.)Grace Kelley earns $2,000 per week. She is married and claims 2 exemptions. What is Grace’s income tax? Use the percentage method. (Use Table 9.1 and Table 9.2.) (Round your final answer to the nearest cent.) One Withholding allowance 79.80 weekly Please use tables for withholding 2018Grace Kelly earns $2,000 per week. She is married and claims two exemptions. What is Grace's income tax? Use the percentage method.
- Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her employer matches this $25 each week. Determine Whiteweiler's take-home pay if she is single and claims 2 allowances (use the wage-bracket method). Enter deductions beginning with a minus sign (-). Round your calculations and final answers to the nearest cent. use the wage bracket 2019Instructions: Read each situation carefully and tell what type of tax/es apply/ies. Income Tax, Business Tax or None 1. Tina is a teacher in Las Piñas Elementary School. She earns a monthly salary of P22,000.2. Anna owns a sari-sari store. Her store has a monthly income of P15,000.3. Xyra is an employee of Car Care Center. She has a salary of P10,000 plus commission.4. Arman is a dentist. He closed his dental clinic for one month because he went to Korea for a vacation. 5. Tony is a tutor. He earns P300 per hour. His salary depends on the number of hours he worked. 6. Iñigo lost his job because the company he worked with closed down due to bankruptcy. 7. Oscar is a board exam topnotcher. He received P10,000 from the school where he graduated. 8. Noel operates his own UV Express. He earns an average of P50,000 monthly. He pays his utility bills regularly.Suppose Alexa has a weekly paycheck with gross earnings of $1,234.00 and is single with no dependents. a. Calculate her Federal Withholding Tax for the pay period using the Wage Bracket Method. b. Find Alexa’s net pay, in addition to all mandatory deductions, she has union dues of $5.00, she has both medical and dental insurances and she has a cafeteria plan contribution of $15.00.
- Lauren is paid a 6% commission on total sales she sold 2 houses this week for $285,900 and $320,700 how much will Lauren pay in FICA tax? Show all your work.Sally hires a maid to work in her home for $1,030 per month. The maid is 25 years old and not related to Sally. During 2018, the maid worked 5 months for Sally. Do not round immediate computations and round your final answers to two decimal places. a. What is the amount of Social Security tax Sally must pay as the maid's employer?$ b. What is the amount of Medicare tax Sally must pay as the maid's employer? Sally's employer's Medicare tax: $ c. What is the amount of Social Security and Medicare tax which must be withheld from the maid's wages? Sally should withhold for Social Security and Medicare tax of: $Julie Whiteweiler made $930 this week. Only social security (fullytaxable) and federal income taxes attach to her pay. Whiteweilercontributes $100 each week to her company's 401(k) plan and has $25 putinto her health savings account (nonqualified) each week. Her employermatches this $25 each week. Determine Whiteweiler's take-home pay ifshe is single and claims 2 allowances (use the wage-bracket method)_ _ _ _ _S
