Social security and Medicare tax for 2019.The social security tax rate is 6.2% each for the...
Social security and Medicare tax for 2019.The social security tax rate is 6.2% each for the employee and employer, unchanged from 2018. The social security wage base limit is $132,900.The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2018. The wage base limit for Medicare tax is?
Homework Answers
| There is no wage base limit for Medicare tax. |
| Medicare tax is payable on all of wages earned at the rate of 1.45%. |
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Social security and Medicare tax for 2019.The social security
tax rate is 6.2% each for the...
The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%....
The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FICA taxes was $3,901.50. Given that this employee did not exceed the FICA earnings limitation, compute gross pay
Find the Social Security tax and the Medicare tax paid by Roger Fosia for the current...
Find the Social Security tax and the Medicare tax paid by Roger Fosia for the current pay period. Assume all Roger's earnings are subject to both taxes and that the FICA rate is 6.2% and the Medicare rate is 1.45%. Employee Earnings Current Pay Period FICA @ 6.2% Medicare @ 1.45% Fosia, R. $581.82 $581.82 What is the FICA tax deducted from Roger's current gross earnings?
60. The rate for FICA Social Security is 6.2% and the rate for FICA Medicare is...
60. The rate for FICA Social Security is 6.2% and the rate for FICA Medicare is 1.45%. Calculate the total amount of FICA withholding for an employee whose pay is $2,400 and is entirely subject to these FICA taxes.
Find the Social Security tax and the Medicare tax paid by Jeff Petra for the current...
Find the Social Security tax and the Medicare tax paid by Jeff Petra for the current pay period. Assume all Jeff's earnings are subject to both taxes and that the FICA rate is 6.2% and the Medicare rate is 1.45%. Employee Earnings Current Pay Period FICA @ 6.2% Medicare @ 1.45% Petra, J. $594.81 What is the FICA tax deducted from Jeff's current gross earnings? $nothing (Round to the nearest cent.)
An employee earned $42,600 working for an employer in the current year. The current rate for FICA Social Security is 6.2...
An employee earned $42,600 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128,400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:
Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied...
Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $118,500 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations If an amount box does not require an entry leave it blank. If required, round your answers to the nearest cent. Cumul Pay Before Current Weekly Payroll Current Gross Pay Year to Date Earnings - Soc...
Assume a tax rate of 6.2% on $128,000 for social security and 1.45% for Medicare. None...
Assume a tax rate of 6.2% on $128,000 for social security and 1.45% for Medicare. None will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period) Pay brown is married claiming 4 and gross pay was $2,000. What is the FIT? What is the S.S? What is the Medicare? What is the net pay?
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,4...
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,400. 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:
The social security wage limit for 2015 is $118,500 and the tax rate is 6.2%. An...
The social security wage limit for 2015 is $118,500 and the tax rate is 6.2%. An employee has earned $115,780 so far in 2015. How much social security taxes will be withheld out of their current paycheck of $7,340? (Round your answer to the nearest whole cent.) $168.64 $16.86 $455.08 $337.28
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
Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $118,500 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations If an amount box does not require an entry leave it blank. If required, round your answers to the nearest cent. Cumul Pay Before Current Weekly Payroll Current Gross Pay Year to Date Earnings - Soc...
The social security wage limit for 2015 is $118,500 and the tax rate is 6.2%. An employee has earned $115,780 so far in 2015. How much social security taxes will be withheld out of their current paycheck of $7,340? (Round your answer to the nearest whole cent.) $168.64 $16.86 $455.08 $337.28
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
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