Francine has a taxable income of $54989. Calculate her El Contribution for 2023. Federal El premium rates and maximums Maximum annual Maximum annual Maximum annual insurable earnings Rate (%) employee premium employer premium Year definition definition? definition> definition? 2024 $63,200 1.66 $1,049.12 $1,468.77 2023 $61,500 1.63 $1,002.45 $1,403.43 2022 $60,300 1.58 $952.74 $1,333.84 2021 $56,300 1.58 $889.54 $1,245.36 2020 $54,200 1.58 $856.36 $1,198.90 Your Answer:

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 13MCQ
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Francine has a taxable income of $54989. Calculate her El Contribution for 2023.
Federal El premium rates and maximums
Maximum annual
Maximum annual
Maximum annual
insurable earnings
Rate (%)
employee premium
employer premium
Year
definition
definition?
definition>
definition?
2024
$63,200
1.66
$1,049.12
$1,468.77
2023
$61,500
1.63
$1,002.45
$1,403.43
2022
$60,300
1.58
$952.74
$1,333.84
2021
$56,300
1.58
$889.54
$1,245.36
2020
$54,200
1.58
$856.36
$1,198.90
Your Answer:
Transcribed Image Text:Francine has a taxable income of $54989. Calculate her El Contribution for 2023. Federal El premium rates and maximums Maximum annual Maximum annual Maximum annual insurable earnings Rate (%) employee premium employer premium Year definition definition? definition> definition? 2024 $63,200 1.66 $1,049.12 $1,468.77 2023 $61,500 1.63 $1,002.45 $1,403.43 2022 $60,300 1.58 $952.74 $1,333.84 2021 $56,300 1.58 $889.54 $1,245.36 2020 $54,200 1.58 $856.36 $1,198.90 Your Answer:
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