Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Miller contributes $125 each week to her company’s 401(k) plan and has $40 put into her health savings account (nonqualified) each week. Her employer matches this $40 each week. Determine Miller’s take-home pay if she is married filing jointly (use the wage-bracket method) .............................................. $________ Compute the net pay for Jen Miller. Present your computation vertically in a single column. Show your supporting calculation
Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Miller contributes $125 each week to her company’s 401(k) plan and has $40 put into her health savings account (nonqualified) each week. Her employer matches this $40 each week. Determine Miller’s take-home pay if she is married filing jointly (use the wage-bracket method) .............................................. $________ Compute the net pay for Jen Miller. Present your computation vertically in a single column. Show your supporting calculation
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 41P
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Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Miller contributes $125 each week to her company’s 401(k) plan and has $40 put into her health savings account (nonqualified) each week. Her employer matches this $40 each week. Determine Miller’s take-home pay if she is married filing jointly (use the wage-bracket method) .............................................. $________
- Compute the net pay for Jen Miller.
- Present your computation vertically in a single column.
- Show your supporting calculations.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT