If Andre has a child and adds another dependent to his tax form for withholding, the...
If Andre has a child and adds another dependent to his tax form for withholding, the company will withhold a lower amount of income tax. Estimate what will happen to Andre’s net pay. It will
a. go up.
b. go down.
c. stay the same.
d. There is not enough information to answer the question.
Homework Answers
Since the amount of income tax reduces from the gross amount where the net pay would be the gross amount - the income tax and because the income tax is reducing the net pe would actually increase on the whole and therefore it can be mentioned that in this regard
(a) go up is the answer to this question
Add Answer to:
If Andre has a child and adds another dependent to his tax form
for withholding, the...
As a wage earner, the taxpayer pays Federal income tax by having it withheld from his...
As a wage earner, the taxpayer pays Federal income tax by having it withheld from his or her pay during the year. The withholding is based on the number of allowances he or she claims when filing Form W-4 - Employee's Withholding Allowance Certificate, with an employer. All of the following are true regarding the completion of Form W-4 except: A. A taxpayer can claim any number of allowances B. If the taxpayer has not changed jobs, he or she...
Another tax return calculation YAAAYYYYYY! Due 4/30/2019 Help Kamal prepare his 2018 tax return. ...
personal finance class! how to calculate taxes in this
case?
Another tax return calculation YAAAYYYYYY! Due 4/30/2019 Help Kamal prepare his 2018 tax return. He calculated his Adjusted Gross Income to be $95,600. He hopes to lower his tax bill though, because he has several significant itemized deductions: he paid $7,000 of mortgage interest, and donated $6,000 to charity. Kamal paid $13,000 through his employers pay check withholding in federal income taxes over the course of the year. Does Kamal...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total wa...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total was $260. There were no state income taxes. What was Noll's net pay for the week? Net pay $ Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360,...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360, and his FICA total was $153. There were no state Income taxes. What was Noll's net pay for the week? Net pay $ eTextbook and Media List of Accounts Journalize the entry for the recording of his pay in the general Journal (Note: Use Salaries and Wages Payable, not Cash) (Credit account titles are automatically indented when the amount is entered. Do not Indent...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and his FICA total was $92. There were no state income taxes. What was Noll's net pay for the week? Net pay SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (Credit account titles are automatically indented when the amount is entered. Do...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding was $450, and his FICA total was $191. There were no state income taxes What was Noll's net pay for the week? Journalize the entry for the recording of his pay in the general journal (Note: Use Salaries and Wages Payable, not Cash) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Skysong's gross earnings for the week were $1,200, his federal income tax withholding was $308, and...
Skysong's gross earnings for the week were $1,200, his federal
income tax withholding was $308, and his FICA total was $92.
Your answer is incorrect. Try again.
What was Skysong’s net pay for the week?
Skysong’s net pay for the week
$enter Skysong’s net pay for the week in dollars
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Your answer is partially correct. Try again.
Journalize the entry for the recording of his pay in the general
journal. (Note: Use Salaries...
federal income tax question Question 4 of 12. filed line 4c. Jane is a full-time student...
federal income tax question
Question 4 of 12. filed line 4c. Jane is a full-time student who anticipates receiving a $2,500 American Opportunity Tax Credit in 2019. Not looking for a huge tax refund, how should Jane treat the credit when completing her 2020 Form W-4? Jane should add an estimate of the expected annual credit amount in Step 3 of her 2020 Form W.-4. This will decrease the amount of her withholding per pay period and reduce the amount...
federal income tax question Mark for follow up Question 3 of 12. Which statement is TRUE...
federal income tax question
Mark for follow up Question 3 of 12. Which statement is TRUE regarding the redesigned 2020 Form W-4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W-4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of $3,300 in tax ... Assume that she is subject to the kiddie tax, and her father, her sole surviving parent, has taxable income of $49,000 and files his 2014 return using the head of household filing status. What is the child's tax liability? 2) A taxpayer who provides 40% of the support of her parents and claims them as dependents because of a multiple...
personal finance class! how to calculate taxes in this
case?
Another tax return calculation YAAAYYYYYY! Due 4/30/2019 Help Kamal prepare his 2018 tax return. He calculated his Adjusted Gross Income to be $95,600. He hopes to lower his tax bill though, because he has several significant itemized deductions: he paid $7,000 of mortgage interest, and donated $6,000 to charity. Kamal paid $13,000 through his employers pay check withholding in federal income taxes over the course of the year. Does Kamal...
Gary Noll's gross earnings for the week were $3,400, his federal income tax withholding was $612, and his FICA total was $260. There were no state income taxes. What was Noll's net pay for the week? Net pay $ Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit...
Chris Noll's gross earnings for the week were $2,000, his federal income tax withholding was $360, and his FICA total was $153. There were no state Income taxes. What was Noll's net pay for the week? Net pay $ eTextbook and Media List of Accounts Journalize the entry for the recording of his pay in the general Journal (Note: Use Salaries and Wages Payable, not Cash) (Credit account titles are automatically indented when the amount is entered. Do not Indent...
Exercise 10-07 Robert Noll's gross earnings for the week were $1,200, his federal income tax withholding was $216, and his FICA total was $92. There were no state income taxes. What was Noll's net pay for the week? Net pay SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (Credit account titles are automatically indented when the amount is entered. Do...
Exercise 10-07 George Noll's gross earnings for the week were $2,500, his federal income tax withholding was $450, and his FICA total was $191. There were no state income taxes What was Noll's net pay for the week? Journalize the entry for the recording of his pay in the general journal (Note: Use Salaries and Wages Payable, not Cash) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit...
Skysong's gross earnings for the week were $1,200, his federal
income tax withholding was $308, and his FICA total was $92.
Your answer is incorrect. Try again.
What was Skysong’s net pay for the week?
Skysong’s net pay for the week
$enter Skysong’s net pay for the week in dollars
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Your answer is partially correct. Try again.
Journalize the entry for the recording of his pay in the general
journal. (Note: Use Salaries...
federal income tax question
Question 4 of 12. filed line 4c. Jane is a full-time student who anticipates receiving a $2,500 American Opportunity Tax Credit in 2019. Not looking for a huge tax refund, how should Jane treat the credit when completing her 2020 Form W-4? Jane should add an estimate of the expected annual credit amount in Step 3 of her 2020 Form W.-4. This will decrease the amount of her withholding per pay period and reduce the amount...
federal income tax question
Mark for follow up Question 3 of 12. Which statement is TRUE regarding the redesigned 2020 Form W-4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W-4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
Most questions answered within 3 hours.
-
Population Standard Deviation
5.0000
Sample Size
11
Sample Mean
54.9091
Confidence Interval
Confidence Coefficient
0.98
Lower...
asked 3 minutes ago -
Help would be greatly appreciated
Mark each of the statements below as True (T) or False...
asked 4 minutes ago -
Consider a t distribution with 15 degrees of freedom. Compute
P(-1.42<t<1.42). Round your answer to at...
asked 5 minutes ago -
How the process improvement(poka-yoke, kaizen, deming cycle,
mistake-proofing, DMAIC) people can employ in their work or...
asked 6 minutes ago -
Write a program to control a bread machine. Allow the user to
input the type of...
asked 14 minutes ago -
Turn design in research is an examination of:
Question 5 options:
A)
What and how something...
asked 20 minutes ago -
A particle with a net charge of 1.2 mC is placed in a uniform
electric field...
asked 29 minutes ago -
For questions 1 and 2 below, using what you
have learned in class, analyze and discuss...
asked 30 minutes ago -
Zinc sulfide reacts with oxygen according to the reaction:
2ZnS(s)+3O2(g)→2ZnO(s)+2SO2(g) A reaction mixture initially
contains 3.4...
asked 36 minutes ago -
Using traditional
methods, it takes 9.0 hours to receive a basic flying license. A
new license...
asked 38 minutes ago -
The EPA wants to test a randomly selected sample of n
n
water specimens and estimate...
asked 45 minutes ago -
A researcher performs a hypothesis test to test the claim that
for a particular manufacturer, the...
asked 48 minutes ago