Samantha makes $28.00 per hour and is paid for a 40 hour work week. She pays 15% federal income tax, 6.2% social security, 1.45% medicare, and she lives in a state with no state income tax. She pays 3% of her gross income for health insurance and pays $25.00 per month for life insurance. What is her gross annual salary? What is her gross monthly salary? What is her net monthly salary?

Q: To help Janette cover her college expense, parents provide Janette with a monthly allowance of $340.…

A:

Q: Suzanne works in a garment factory and is paid a basic rate of $19.26 for each hour worked between…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Alex makes $80,000 per year and pays about 30% of his gross monthly income in federal and state…

A: Federal and state tax are the mandatory deductions from the income. Income left after tax will be…

Q: Determine the employee’s total income tax deduction for this pay period.

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Q: Jessica makes $24,000 a year, but receives weekly paychecks. If 12% of her checks is withheld for…

A: Gross pay = Total annual pay /no of pay periods Total deduction /withholding =Federal tax +FICA…

Q: Julie paid $3,300 to the day care center and her AGI is $401,200.  What amount of child and…

A: Dependent and Child care credit requires cares for a dependent child or disabled dependent. Credit…

Q: 1. Marcy, a single woman, makes $544.25 a week as a veterinary assistant. If she claims 1 allowance,…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: Does Fatima make more money if she takes the raise? If so, how much more will Fatima make a year if…

A: Income tax: A fee charged by the government of the country on the taxable income earned by the…

Q: Miguel, a single teacher, earns $1,500 every two weeks (biweekly). He claims two allowances. What is…

A: Federal Income tax Withhold For calculating the Federal Income tax with by using Wage bracket method…

Q: Jordan earns $55,945 per year and is paid semi-monthly how much would jordan pay for Medicare tax?

A: Tax refers to the amount charged by the government on the earnings earned by the individual or…

Q: Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a…

A: The tax withholding is recognized into types of withholding by the employer : Federal…

Q: The Tucker family has health insurance coverage that pays 65 percent of out-of-hospital expenses…

A: T lives in the United States with his family. He has purchased family health insurance.…

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: a company employee earns 40,000 per year. A self-employed person also earns 40,000 but pays 6,120…

A: But half of the contribution were withheld from employee salary

Q: A caterer earns £1375 per month. How much income tax will she pay for the year?

A: Income tax is a type of policy legislative or regulatory on income made by organizations and…

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

A: (1) Employee - Maggie Vitteta (2) Status - Single (3) Number of Hours Worked = 40 hours per week (4)…

Q: Martha has a 3-year old child and pays $10,000 a year in day care cost. Her salary is $45,000. How…

A: Martha has only one dependent child and an adjusted gross income of $45,000. As a result, the child…

Q: In 2013, workers earned one credit towards Social Security for every $1,160 in earnings, up to a…

A: The answer is given in the below step.

Q: Angelo has a yearly salary of $65,800. If he pays a 15% federal tax, a 6.2% social security tax, a…

A: YEARLY salary =65800 Total tax=15+6.2+6+3.5=30.7%

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: The question is based on the concept of social security security tax withholding on wage and…

Q: Leanne is a government employee and has 10 days sick leave credits and 7 days vacation leave…

A: If a person , who is government employee can pay for the sick leave and vacation leave also, if he…

Q: in a local factory. She has disability insurance that pays 75 percent of her regular pay. Her…

A: Insurance company provide payment if you are insured for the disability and all premium are paid by…

Q: Ann earns $95,000 per year in salary. She pays 25% federal income tax, 6% state income tax, 6.2%…

A: The question is based on the calculation of gross monthly income and net monthly income . Net income…

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: Maile is a full-time exempt employee in Boca Raton, Florida, who earns $1,559.15 per biweekly…

A: GIVEN DATA   Maile is a full-time exempt employee in Boca Raton, Florida, who earns $1,559.15 per…

Q: Suppose Alexa has a weekly paycheck with gross earnings of $1,234.00 and is single with no…

A: Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Q: Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic…

A: Given information: Gross income is $1,590 per month Taxes for her monthly pay is $214 Credit card…

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

A: There are 2 methods for calculating the federal tax withholding:- Wage bracket method or Percentage…

Q: Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $303,000 this…

A: The estimated tax must M sent to IRS is $29,769.75 (each quarter).

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: The social security tax rate is 6.2% per year multiplied by 2.   The withholding social security…

Q: Suppose Gretchen's health insurance has a $500 annual deductible. Gretchen is responsible for 20…

A: A copay (or copayment) is a one-time cost that you pay when you see your doctor or fill a…

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

A: Payroll:   The total payment that a company is required to pay to its employee for the services…

Q: %

A: Total Earning = Total Expenditure + Savings Expenditures:- 1.Income on Housing = 23% 2.Food…

Q: Her Social Security tax for the week is $____?

A: Solution:- Normal Wages = 40 hours * $16 = $640 Overtime wages = Overtime hours * $16 * 1.5…

Q: A taxpayer would be required to pay Social Security and Medicare taxes for a domestic employee in…

A: In general, payments of salaries for services done as an employee in the United States are subject…

Q: Sammy's employer pays for 40% of her annual health insurance premium of $5,150.00. Sammy pays the…

A: As the employer is paying 40% of the premium Sammy will pay the balance of 100% - 40% = 60%

Q: Henry is a college student currently working 25 hours a week at his part- time job. If Henry gets…

A: Working hours per week = 25 hours Payment per hour = $15 Number of weeks per month = 4 weeks Number…

Q: Fatima is about to get a raise at her job and she will go from being paid $37,000 a year to being…

A: Personal Exemptions: Along with the standard deduction, personal exemptions provide that only income…

Q: Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of…

A: Social Security Tax:- Social Security tax is imposed on both the employee and employer of the firm…

Q: Louise Mclntyre's monthly gross income is $3,100. Her employer withholds $780 in federal, state, and…

A: Given the following information: Gross income: $3,100 Employer withholds $780 in federal, state,…

Q: The child and dependent care tax credit rule is the following: If AGI is below $15,000, 35% of the…

A: Introduction Taxpayers with dependents are allowed credit for expenses for the care of their…

Q: Steven takes a full-time position that pays an hourly wage of $32. The job assumes that he will work…

A: Salary - It is the amount of compensation will paid by the employer to employee for the performance…

Q: To help Janette cover her college expense, parents provide Janette with a monthly allowance of $340.…

A: Present value denotes the present worth of money by discounting the future cash flows whereas future…

Q: Mary, who is married and the mother of three, is 35 years and expects to work until 75. She earns…

A: The life insurance is a protection for family members of insured as they received the insurance…

Q: Carolyne is paid $4,000.00 biweekly. This year, to date, she has earned $27,300.00. What will be the…

A:

Q: Carolyne is paid $2,000.00 biweekly. This year, to date, she has earned $23,300.00. What will be the…

A: Payment of $2000 is done biweekly, which means paycheck is received biweekly. Calculation of total…

Q: Calculating the tax on the taxpayer's income, Ahmed only

A: Taxpayer's are those individuals, businesses, or organizations who pay off some portion of their…

Q: Julie’s monthly net salary is $6500, and she budgets $1820 for housing expenses. What percent of her…

A: Housing expenses as a percentage of monthly Net Salary = Monthly Housing expenses/ Monthly Net…

Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.