Lynita has two jobs and earned $105,762 from her first job and $24,350 from her second...
Lynita has two jobs and earned $105,762 from her first job and $24,350 from her second job. How much total FICA taxes will Lynita have withheld from her wages from working two jobs? (Round your answer to 2 decimal places.)
a) $8,066.94.
b) $9,077.57.
c) $9,953.57.
d) $10,030.68.
Homework Answers
| FICA-Social Security tax withheld | 8066.94 | =(105762+24350)*6.2% |
| FICA-Medicare tax withheld | 1886.62 | =(105762+24350)*1.45% |
| Total FICA taxes withheld | 9953.57 | |
| Option C $9,953.57 is correct |
Add Answer to:
Lynita has two jobs and earned $105,762 from her first
job and $24,350 from her second...
Asterla earned a $26,500 salary as an employee In 2019. How much should her employer have...
Asterla earned a $26,500 salary as an employee In 2019. How much should her employer have withheld from her paycheck for FICA taxes? (Round your answe to the nearest whole dollar amount.) Multiple Cholce $2.027 $4,055 $384 $1.643
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,988.
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,988. The FICA tax for social security is 6.2% of the first $128.400 earned each calendar year and the FICA tax rate for Medicare is 145% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income...
During the first week of January, an employee works 48 hours. For this company, workers earn...
During the first week of January, an employee works 48 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $10 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The 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%...
During the first week of January, an employee works 44 hours. For this company, workers earn...
During the first week of January, an employee works 44 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $14 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The 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%...
Hillary Crown is an employee who is paid monthly. For the month of January of the...
Hillary Crown is an employee who is paid monthly. For the month of January of the current year, she earned a total of $9,138. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,516.27. What is the total...
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
AZT Company has one employee. She has earned $5,778 through March 15th. She will be paid...
AZT Company has one employee. She has earned $5,778 through March 15th. She will be paid $1,364 on the current pay period ending March 31st. FICA Social Security taxes are 6.2% of the first $118,500 of wages and FICA Medicare taxes are 1.45% of wages. FUTA taxes are 0.6% of the first $7,000 of wages and SUTA taxes are 5.4% of the first $7,000 of wages. The employee will have $204.60 withheld for Federal income taxes and $68.20 for State...
a) Using the FCFS (first come, first served) decision e for sequencing the jobs, the order...
a) Using the FCFS (first come, first served) decision e for sequencing the jobs, the order is t Richard's Machine Shop, following jobs (below) are ready for dispatching to a work center. The processing times, date job recuived, and due dales for the jobs a ranked according lo the decision rukes given below whal sequence would the jobs b Sequence Job Date Job Processing (days) Job Received D 105 122 195 20 180 120 205 25 I times d daysloday...
Belle, who has just started her first full-time salary job..
Belle, who has just started her first full-time salary job is determined to have $1 million in her account by the time she retires. She is now 25 and hopes to retire at 65 years of age. Her investments have been earning 5.25% annual return and she thinks it’s realistic that can be maintained. How much would Belle have to put aside each month, in order to reach her goal? [1] What is the total amount of money she will have saved?...
The Apollo Family Restaurant has the following information from its payroll records for the year ended...
The Apollo Family Restaurant has the following information from its payroll records for the year ended December 31, 2018 Salanes and wages earned by employees $18.000 Income taxes withheld from employees FICA taxes withheld from employees Hot pay to employees The employer amount of FICA taxes that Apollo Family Restaurant to pay equal to the amount that it withholds from its employees. What is Apon Family Restaurant total expense with regard to this payroll $18.900 b. 515.300 $18.000 d. 514.400
Asterla earned a $26,500 salary as an employee In 2019. How much should her employer have withheld from her paycheck for FICA taxes? (Round your answe to the nearest whole dollar amount.) Multiple Cholce $2.027 $4,055 $384 $1.643
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
AZT Company has one employee. She has earned $5,778 through March 15th. She will be paid $1,364 on the current pay period ending March 31st. FICA Social Security taxes are 6.2% of the first $118,500 of wages and FICA Medicare taxes are 1.45% of wages. FUTA taxes are 0.6% of the first $7,000 of wages and SUTA taxes are 5.4% of the first $7,000 of wages. The employee will have $204.60 withheld for Federal income taxes and $68.20 for State...
a) Using the FCFS (first come, first served) decision e for sequencing the jobs, the order is t Richard's Machine Shop, following jobs (below) are ready for dispatching to a work center. The processing times, date job recuived, and due dales for the jobs a ranked according lo the decision rukes given below whal sequence would the jobs b Sequence Job Date Job Processing (days) Job Received D 105 122 195 20 180 120 205 25 I times d daysloday...
The Apollo Family Restaurant has the following information from its payroll records for the year ended December 31, 2018 Salanes and wages earned by employees $18.000 Income taxes withheld from employees FICA taxes withheld from employees Hot pay to employees The employer amount of FICA taxes that Apollo Family Restaurant to pay equal to the amount that it withholds from its employees. What is Apon Family Restaurant total expense with regard to this payroll $18.900 b. 515.300 $18.000 d. 514.400
Most questions answered within 3 hours.
-
a firm produces output according to the following function q=
f(L,K) = L^1/2K^3/2. The cost of...
asked 1 minute from now -
Please
NO HANDWRITING
NO COPY & PASTE from the internet
On March 6, 2019, Mark Zuckerberg...
asked 7 seconds from now -
In February 2008, a team of Canadian scientists revealed rare
new horseshoe crab fossils from 445...
asked 31 seconds ago -
Please make a JAVA program for the following using switch
structures
Write a program that simulates...
asked 2 minutes ago -
in
2011, real gdp in the united states was below potential gdp. This
fact definitely means...
asked 4 minutes ago -
Describe how the file manager allocates a file to a single user.
List the steps that...
asked 28 minutes ago -
For the following reaction:
IBr(g) + 4F2(g) → IF5(g) +
BrF3(g)
Compound
ΔH°f (kJ mol-1)...
asked 29 minutes ago -
Assuming the simple probability of even A is given as P(A) and
the simple probability of...
asked 32 minutes ago -
2.- It is known that 20% of the students on campus are smokers.
If 8 students...
asked 32 minutes ago -
Provide a summary/reflection of what you gleaned of how law
enforcement is effect by Unconventional Weapons...
asked 53 minutes ago -
From the following heats of combustion,
CH3OH(l) + 3/2O2(g) → CO2(g) +
2H2O(l)
ΔHorxn = –726.4...
asked 46 minutes ago -
Floating Point Representation
Consider a computer that stores information using 10 bits words.
The first bit...
asked 1 hour ago