Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Kristy Dunaway has biweekly gross earnings of $1,650. What are her total Social Security and Medicare tax withholdings (in $) for a whole year? Social Security _____$ Medicare _____$

Q: Matty Kim, an accountant for Vernitron, earned $120,900 from January to June. Matty earned $20,000.…

A:

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: 1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of…

A: 1.Introduction Take home pay in corporate terms is mentioned as "Net Pay"which an salaried person…

Q: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…

A: Social security tax The tax imposed on employers and employees of all the organizations or a company…

Q: Sarah takes a full-time position that pays a salary of $80,000 per year with paid vacation/sick…

A: GAI = Gross Annual Income GMI = Gross Monthly Income ATM = After tax money

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

A:

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

A: Deductions are defined as those payments made by a taxpayer during a specific period that can be…

Q: Dr. Josef Young earns an adjusted gross weekly income of $2,517. How much Social Security tax should…

A: Formula: Social security tax = Gross weekly income x social security tax rate Multiplying social…

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: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…

A: Social security tax is determined by calculating the percentage set by the government to its gross…

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

A: Solution- social security tax=$1000*0.62=62$ medicare tax=$1450*.0145=21.025$. calculating from his…

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: Taxes on Benefits   Social Security is paid in with after-tax dollars but may be subject to tax if…

A: A single individual taxpayer who has taxable income between the range of $25,000 to $34,000 is…

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: Mary Smith earned her four-year degree and is in her first year of consulting for a law firm. Her…

A: Payroll It is important to prepare the payroll expenses of the employees and make the statutory…

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

A: Social Security and Medicare Withholding:   The Taxes which are under the Federal Insurance…

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

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

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

A: FICA tax is calculated on gross salary

Q: Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the…

A: The Medicare tax is a proportion of gross wages that almost all employees, business owners, and…

Q: gross

A: a) For the month of January, Mary's take-home salary would've been $14,560. To get at this figure,…

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

A: Medicare Tax It is  a tax on wages. U.S. employers  withhold medicare tax  from employees' paychecks…

Q: Use the personal allowance table below. Personal Allowance Amount Single $2,000 Married 4,000 Each…

A: State tax withheld= Taxable wages* tax rate Taxable wages= Gross earning- Personal allowances

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: nirley Riddle earns $2,333 biweekly. She is single and claims no withholding allowances. She saves…

A: Net salary is the total salary one gets after all the mandatory deductions such as taxed that are…

Q: What are the social security and Medicare withholdings (in $) for an executive whose annual gross…

A: "Up to $128,400 for Social Security tax" means that the withholding rates will be calculated $128400…

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

A: social security tax= $12950 x0.062=$802.9

Q: Social

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

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…

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

A: Annual salary=Biweekly pay×26=$1,550×26=$40,300

Q: Calculate Social Security taxes, Medicare Taxes, and FIT for Jordon Barrett. He earns a monthly…

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered…

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: Thomas earns $52,000 per year in salary. You pay 15% for federal income tax, no state taxes, no…

A:

Q: Amy’s Adjusted Gross Income (AGI)?

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

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

A: It is given that  Social Security tax will be =6.2%, up to $128,400  Medicare tax = 1.45% with no…

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: Mandi Robinson, married with three allowances, earns a monthly salary of $2,400. She also receives a…

A: Payroll register: Payroll register is a form that is used by an employer to gather information on…

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

A: Contribution to 401k is exempted from FIT. Therefore, earnings subject to FIT will be gross pay -…

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

A: Net Pay-: Net Pay is the proportion collected by an employee. It is calculated by deducting any…

Q: Social Security is paid in with after-tax dollars but may be subject to tax if annual income exceeds…

A: Upto 85% of social security benefits are taxable for an individual with a combined gross income of…

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

A: Social security & medicare tax are payroll tax expenses which is imposed by internal revenue…

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

A: Gross earnings is an income of  an individual/household or a company, in short it is the total…

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: 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…