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2. If you earned $1850 in this pay period, but you had to pay 29% taxes...
If you earned $1850 in this pay period, but you had to pay 29% taxes of...
If you earned $1850 in this pay period, but you had to pay 29% taxes of your earnings, how much taxes are you paying in dollars? How much is left for you?
As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings....
As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $59466 this year. How much must you pay as your FICA contribution?
Devin Moody earned gross pay of $1,450 during a recent pay period. He contributes 11% of...
Devin Moody earned gross pay of $1,450 during a recent pay period. He contributes 11% of gross pay to a 403(b) retirement plan and $100 each pay period to a cafeteria plan. Taxable earnings = $ Devin Moody earned gross pay of $1,450 during a recent pay period. He contributes 11% of gross pay to a 403(b) retirement plan and $100 each pay period to a cafeteria plan. Taxable earnings = $
9 A married couple earned $95,000 in 2016. How much did they pay in taxes? (Do...
9 A married couple earned $95,000 in 2016. How much did they pay in taxes? (Do not round Intermediate calculations.) Taxes Book Print What was their average tax bracket? (Do not round Intermediate calculations. Enter your answer as a percent rounded) Terences %6 Average tax rate What was their marginal tax bracket? (Enter your answer as a 1 decimal percent.) 96 Marginal tax rate
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your income is...
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your income is $35.000. How much are your federal taxes? How much are your state
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your...
Jackson Autos has one employee. As of March 30, their employee had already earned $6,300. For...
Jackson Autos has one employee. As of March 30, their employee had already earned $6,300. For the pay period ending April 15, their employee earned an additional $2,000 of gross wages. Only the first $7,000 of annual earnings are subject to FUTA of 0.6% and SUTA of 5.4%. The journal entry to record the employer's unemployment payroll taxes for the period ending April 15, would be:
A.) if your income is 60,000, how much will you pay in taxes. B.) determine marginal...
A.) if your income is 60,000, how much will you pay in
taxes.
B.) determine marginal tax rate.
C.) determine your average tax rate.
Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $20,000 and $30,000 Any income above $30,000 is taxed at 45 percent. Instructions: Round your answers to the nearest whole number a....
PART 1 Palm Corporation had total payroll of$600,000. For this payroll period, the company withheld 20%...
PART 1 Palm Corporation had total payroll of$600,000. For this payroll period, the company withheld 20% for employee income taxes. The FICA tax rate is 7.65% for wages on each employee up to their first $1 00,000 of earnings, and 1 .45% for earnings in excess of $ 1 00,000. The employer must match the employee's FICA withholding with an equal amount as employer payroll taxes. In addition, the employer must pay state and federal unemployment taxes on the first...
Even though pre-tax deduction reduces your take home pay you may pay less taxes to the...
Even though pre-tax deduction reduces your take home pay you may pay less taxes to the IRS based on the deductions is this true? If you use the health care flex dose the deductions come out of your gross earnings every pay period ?
If your income is $60000 how much do you pay in taxes ?
If your income is $60000 how much do you pay in taxes ?
9 A married couple earned $95,000 in 2016. How much did they pay in taxes? (Do not round Intermediate calculations.) Taxes Book Print What was their average tax bracket? (Do not round Intermediate calculations. Enter your answer as a percent rounded) Terences %6 Average tax rate What was their marginal tax bracket? (Enter your answer as a 1 decimal percent.) 96 Marginal tax rate
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your income is $35.000. How much are your federal taxes? How much are your state
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your...
A.) if your income is 60,000, how much will you pay in
taxes.
B.) determine marginal tax rate.
C.) determine your average tax rate.
Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $20,000 and $30,000 Any income above $30,000 is taxed at 45 percent. Instructions: Round your answers to the nearest whole number a....
PART 1 Palm Corporation had total payroll of$600,000. For this payroll period, the company withheld 20% for employee income taxes. The FICA tax rate is 7.65% for wages on each employee up to their first $1 00,000 of earnings, and 1 .45% for earnings in excess of $ 1 00,000. The employer must match the employee's FICA withholding with an equal amount as employer payroll taxes. In addition, the employer must pay state and federal unemployment taxes on the first...
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