PROBLEM 1             Mary Matthews made $950 in a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 each biweekly pay to her company’s 401(k) plan. Determine Matthews’ take home pay if she is married and claims 2 allowances (use wage bracket method).

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Q: Marilyn earns $1,400.00 bi-weekly. She has a bi-weekly taxable car allowance of $70.00 and a…

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Q: Marilyn earns $1,400.00 bi-weekly. She has a bi-weekly taxable car allowance of $70.00 and a…

A: Marilyn earns = $1400.00 per bi weekly Total earnings per year = Bi weekly income x total weeks/2…

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A: Solution Working- Social security tax = 1000*6.2% = 62 Medicare tax = 1000 * 1.45% = 21.025…

Q: Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is…

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Q: R.D. Kagen employs Audrey Lopez at a salary of $33,800 a year. Kagen is subject to employer Social…

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

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Q: rmine his weekly

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Q: Amy’s Adjusted Gross Income (AGI)?

A: Adjusted gross income = gross income - deduction  Gross income = 50000 Deduction = 5000+10000=15000

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

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Q: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…

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Q: Debbie earns an annual salary of $80,000 per year. Paid Biweekly. She contributes 2% of her biweekly…

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Q: Mary Matthews made $1,150 during a biweekly pay period only social security (fully taxable) and…

A: Solution-                                                                           Explanation…

Q: Carson Smart (married filing jointly) is paid $1,200 every two weeks plus a taxable lodging…

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Q: Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and…

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