Homework Answers
$2,027
The Federal Insurance Contributions Act (FICA) tax rate, which is the combined Social Security tax rate of 6.2% and the Medicare tax rate of 1.45% is 7.65% for 2019, So
$26,500 x 7.65% = $2,027.25 or $2,027
Add Answer to:
Asterla earned a $26,500 salary as an employee In 2019. How much should her employer have...
Baker is single and earned $226,000 of salary as an employee in 2019. How much should...
Baker is single and earned $226,000 of salary as an employee in 2019. How much should his employer have withheld from his paycheck for FICA taxes? (Round your answer to the nearest whole dollar amount.) Multiple Choice o $17236 o $10,879 o $1.751 o Sit.Б02
Ian earned $150,000 of salary as an employee in 2020. How much should his employer have...
Ian earned $150,000 of salary as an employee in 2020. How much should his employer have withheld from his paycheck for FICA taxes (rounded to the nearest whole dollar amount)? A) $2,175 B) $10,712 C) $8.537 D) $11,475 Boyd and Susan are married filing jointly in 2020. They have three children for whom they may claim the child tax credit. Their AGI was $415,000. What amount of child tax credit may they claim on their 2020 tax return? A) $0...
QUESTION 1 What is the OASDI to be withheld from this employee for the 9th paycheck?...
QUESTION 1 What is the OASDI to be withheld from this employee for the 9th paycheck? QUESTION What is the HI to be withheld from ths employee for the 9th paycheck? QUESTION What is the OASDI to be withheld from this employee for the 22nd paycheck? QUESTION 4 What is the HI to be withheld from this employee for the 22nd paycheck QUESTION 5 What is the OASDI to be withheld from this employee for the 24th paycheck? QUESTION 6...
An employee earns $6,150 per month working for an employer
An employee earns $6,150 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $208 in federal income taxes withheld. The employee has voluntary deductions...
During 2018, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,900. Compute...
During 2018, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,900. Compute the amount of FICA taxes that should be withheld from her OASDI HI a. 9th paycheck " जी b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $189,600, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? "
Example 3-1 During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of...
Example 3-1 During 20--, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,600. Compute the amount of FICA taxes that should be withheld from her. If an amount is zero, enter "0". OASDI HI a. 9th paycheck $ $ b. 18th paycheck $ $ c. 24th paycheck $ $ d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $182,400, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax...
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was...
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is. Multiple Choice O $2.204.00 0 $2,830.50 o $1,757.50. To O $8,950.50
An employee earns $6,400 per month working for an employer.
TB MC Qu. 09-135 An employee earns... An employee earns $6,400 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $218 in federal income...
Brooke, a single taxpayer, works for Company A for all of 2019, earning a salary of...
Brooke, a single taxpayer, works for Company A for all of 2019, earning a salary of $62,000. a. What is her FICA tax obligation for the year? b. Assume Brooke works for Company A for half of 2019, earning $62,000 in salary, and she works for Company B for the second half of 2019, earning $102,000 in salary. What is Brooke's FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.) Kyle, a single...
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA...
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rates 541 Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the...
Baker is single and earned $226,000 of salary as an employee in 2019. How much should his employer have withheld from his paycheck for FICA taxes? (Round your answer to the nearest whole dollar amount.) Multiple Choice o $17236 o $10,879 o $1.751 o Sit.Б02
QUESTION 1 What is the OASDI to be withheld from this employee for the 9th paycheck? QUESTION What is the HI to be withheld from ths employee for the 9th paycheck? QUESTION What is the OASDI to be withheld from this employee for the 22nd paycheck? QUESTION 4 What is the HI to be withheld from this employee for the 22nd paycheck QUESTION 5 What is the OASDI to be withheld from this employee for the 24th paycheck? QUESTION 6...
During 2018, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $7,900. Compute the amount of FICA taxes that should be withheld from her OASDI HI a. 9th paycheck " जी b. 17th paycheck c. 24th paycheck d. If Rachael Parkin's year-to-date earnings as of her 24th paycheck are $189,600, and her year-end bonus is $100,000, how much is the additional 0.9% HI tax withheld? "
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is. Multiple Choice O $2.204.00 0 $2,830.50 o $1,757.50. To O $8,950.50
Brooke, a single taxpayer, works for Company A for all of 2019, earning a salary of $62,000. a. What is her FICA tax obligation for the year? b. Assume Brooke works for Company A for half of 2019, earning $62,000 in salary, and she works for Company B for the second half of 2019, earning $102,000 in salary. What is Brooke's FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.) Kyle, a single...
Help Save Submit An employee earned $61,700 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rates 541 Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 2 hours ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 2 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 3 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 5 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 4 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 5 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 6 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 6 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 6 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 6 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 6 hours ago -
Why are polymers not typically casted into products?
asked 6 hours ago