Ursula Lang's cumulative earnings (YTD) before this pay period were $107,200. Her gross pay for this week is $4,500.
1. What is the amount that she will have deducted from this paycheck for Social Security taxes?
2. What is the amount that she will have deducted from this paycheck for Medicare taxes?
Particulars | 1. Social security | 2. medicare |
Maximum limit | 110100 | |
YTD salary | 107200 | |
Remaining limit | 2900 | |
Taxable wages | 2900 | 4500 |
× tax rate | 6.20% | 1.45% |
Amount of tax | 179.8 | 65.25 |
Answer for
1.179.8
2. 65.25
Please rate.
Ursula Lang's cumulative earnings (YTD) before this pay period were $107,200. Her gross pay for this...
Ramona Porter's cumulative earnings (YTD) before this pay period were $28,900. Her gross pay for this week is $425. 1. What is the amount that she will have deducted from this paycheck for Social Security taxes? 2. What is the amount that she will have deducted from this paycheck for Medicare taxes? SOCIAL SECURITY TAX RATE: 6.2% MEDICARE TAX RATE: 1.45% MAXIMUM TAXABLE SALARY: $110,100 Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of...
Ramona Porter's cumulative earnings (YTD) before this pay period were $28,900. Her gross pay for this week is $425. 1. What is the amount that she will have deducted from this paycheck for Social Security taxes? 2. What is the amount that she will have deducted from this paycheck for Medicare taxes? TABLE 2—BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person, If the amount of wages (after If the amount of wages (after subtracting withholding...
Len Mast is married with three allowances. His weekly gross pay is $1,250. He will not reach the maximum taxable salary for Social Security purposes. 1. What is the amount that he will have deducted for Social Security taxes? 2. What is the amount that he will have deducted for Medicare taxes? 3. Using the percentage method, what is the amount that he will have deducted for FIT (Federal Income Tax)? 4. What is his net pay? SOCIAL SECURITY TAX...
Dennis Toby is married with four allowances. He is paid a BIWEEKLY salary of $1,200. He will not reach the maximum taxable salary for Social Security purposes. 1. What is the amount that he will have deducted for Social Security taxes? 2. What is the amount that he will have deducted for Medicare taxes? 3. Using the percentage method, what is the amount that he will have deducted for FIT (Federal Income Tax)? 4. What is his net pay? SOCIAL...
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,280. Dunn has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) The amount of income...
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,440. Dunn has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. $ Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household) - If the amount of wages (after subtracting withholding allowances) The amount...
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,580. Dunn has three exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period EXHIBIT 2 Wage Bracket Withholding Table ..So (a) SINGLE person (including head of household)- If the amount of wages (after...
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,550. Dunn has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period EXHIBIT 2 Wage Bracket Withholding Table ....$0 (a) SINGLE person (including head of household) - If the amount of wages...
Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,490. Dunn has two exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household)— If the amount of wages (after subtracting withholding allowances) is: The amount of income tax...
Percentage Method Tables for Income Tax Withholding TABLE 1-WEEKLY Payroll Period $0 (a) SINGLE person (including head of household)- (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $44......... $0 Not over $165 ......... Over But not over- of excess over-Over- But not over- of excess over- $44...