Question

Fayes current earnings are $6,809. Year to date she has earned $123,800. Fayes 2018 HI withholding, for this pay period,is:
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Given hor eg Curvenf emi pgùod iS 2 680a xi-u57. Sophi date Sne hag esnned SIT ooo Sbphia 363 2 iS no Hltare e, Supplementol

Add a comment
Know the answer?
Add Answer to:
Faye's current earnings are $6,809. Year to date she has earned $123,800. Faye's 2018 HI withhold...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Understanding Hospital Insurance or HI The HI portion of the FICA tax is withheld on total...

    Understanding Hospital Insurance or HI The HI portion of the FICA tax is withheld on total earnings without regard to a wage cap. The HI stands for "hospital insurance" which is actually a trust fund. The HI Trust Fund is used to pay part of inpatient hospital care, skilled nursing care and other services for eligible disabled and elderly people. For employees whose earnings exceed $200,000, employersa must withhold the Additional Medicare Tax as follows. Hospital Example has earnings to...

  • 3-5-3 Sallie, OASDI Example 3, has earnings to date of $157,000 and current wages of $6,500....

    3-5-3 Sallie, OASDI Example 3, has earnings to date of $157,000 and current wages of $6,500. To determine how much of his current earnings will be subject to OASDI, add earnings to date and current wages, $157,000 + $6,500 = $163,500. Does this amount exceed the OASDI cap of $132,900? Yes, it does. You can stop as none of her current earnings and earnings for the remainder of the year will not be subject to OASDI tax. ? Tackle It...

  • Sydney, OASDI Example 2, has earnings to date of $131,500 and current wages of $4,000. To...

    Sydney, OASDI Example 2, has earnings to date of $131,500 and current wages of $4,000. To determine how much of her current earnings will be subject to OASDI, add earnings to date and current wages, $131,500 + $4,000 = $135,500. Then subtract from this the OASDI cap, $135,500 - $132,900 = $2,600. This is amount that exceeds the OASDI cap and is not subject to tax. What should be taxed? Begin with current wages and subtract the excess amount, $4,000...

  • Henry, who earned $114180 during 2018, is paid on a monthly basis, is married, and claims...

    Henry, who earned $114180 during 2018, is paid on a monthly basis, is married, and claims four allowances. Assume that his employer uses the percentage method of withholding. Use withholding allowance and percentage method tables .. What is Henry's federal tax withholding for each pay period? b. What is Henry's FICA withholding for each pay period? (For all requirements, round your intermediate computations and final answers to 2 decimal places.) Federal tax withholdings Total FICA withholding Derences Lisa earns $63,440...

  • 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...

  • Additional Medal Points For the current pay period, compute the following for the employees. Note: Round...

    Additional Medal Points For the current pay period, compute the following for the employees. Note: Round each to the nearest cent and if an amount is zero, enter "0". Bode has cumulative earnings of $54,800. His current earnings are $3,014.00. Bode's 2019 OASDI withholding is: $ And his 2019 HI withholding is: $ Dale's current earnings total a gross amount of $7,095.00. Year to date he has earnings of $129,000. Dale's 2019 OASDI withholding is: $ And his 2019 HI...

  • An individual has year-to-date earnings prior to the current period of $129,000, earns $3,600 during the...

    An individual has year-to-date earnings prior to the current period of $129,000, earns $3,600 during the current period, and has a tax return filing status as single. Her self-employment taxes are $_____.

  • Omar, OASDI Example 1, has earnings to date of $19,880 and current wages of $621.25. To...

    Omar, OASDI Example 1, has earnings to date of $19,880 and current wages of $621.25. To determine how much of his current earnings will be subject to OASDI, add earnings to date and current wages, $19,880 + $621.25 = $20,501.25. Does this amount exceed the OASDI cap of $132,900? No, it does not so all of Omar's current wages will be withheld on at the OASDI rate of 6.2% or $38.5175, rounded to two decimal places ($38.52). ? Tackle It...

  • 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...

  • Before last year, Ellie (Luke's wife) taught music and earned $30,400. She also earned $9,600 by...

    Before last year, Ellie (Luke's wife) taught music and earned $30,400. She also earned $9,600 by renting out their basement as a studio apartment. Ellie saves every month. At the end of a typical year she would have saved a total of 10% from her wages and the income earned from the basement for the entire year, and earned a total of 0.5% in interest (for the entire year). At the beginning of last year, Ellie stopped teaching music. She...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT