Jordan earns $55,945 per year and is paid semi-monthly how much would jordan pay for Medicare tax?
Q: Mary earned $43,258.75 for the past calendar year. How much did she pay for the year in social…
A: Mary's Earning = $43,258.75 Social Security tax = 6.2% Medicare tax = 1.45%
Q: If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and…
A: Introduction: A tax is a mandatory fee or financial charge levied by the government on an individual…
Q: Adriana's income last year was $56,700. If Medicare is taxed at a rate of $1.45 tax per $100 earned,…
A: Medicare Tax is tax paid on the portion of medicare. It is used to provide health insurance to older…
Q: Dr. Josef Young earns an adjusted gross weekly income of $2,584. How much Social Security tax…
A: The social security tax withheld is the weekly income multiplied by the social security tax rate.…
Q: Addison's earnings are subject to deductions for social security, medicare, and FIT. Addison's…
A: Gross Earnings Before taxes, benefits, and other payroll deductions are taken out of an employee's…
Q: Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly…
A: Federal income tax is the on which is payable for the wages earned for a particular period and can…
Q: Jessica makes $24,000 a year, but receives weekly paychecks. If 12% of her checks is withheld for…
A: Gross pay = Total annual pay /no of pay periods Total deduction /withholding =Federal tax +FICA…
Q: Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions…
A: The "tax withholding" describes the amount of income tax that is withheld from an individual's wages…
Q: Miguel, a single teacher, earns $1,500 every two weeks (biweekly). He claims two allowances. What is…
A: Federal Income tax Withhold For calculating the Federal Income tax with by using Wage bracket method…
Q: This year to date, Carolyn has named $115.000. What will be the total deduction for Social Security…
A: Social security tax is a payroll deduction paid on the net earnings limited to the annual specific…
Q: The total employees Social Security tax was $ John Waits owns a small shop with three employees. For…
A: Total withholding tax for all employees = $1,710Total employees′ Social Security tax = $171Total…
Q: Jennifer made $74,900 last year. She pays 6% state income tax, 15% federal income tax, 6.2% for…
A: Gross monthly income is the amount that is paid by an employer to the employee monthly before…
Q: 10. Jorge Powell is married and ims 2 the company withhold from his weekly paycheck of $550 for the…
A: As per the tax bracket of federal income tax , there is 10 to 37% income tax levied on various tax…
Q: Baker Green's weekly gross earnings for the week ending December 7 were $3,200, and her federal…
A: Before any deductions, an employee's complete earnings are represented by their gross pay, commonly…
Q: Isabelle's hourly rate is $21.25. She worked 40 hours. Her deduction for federal income tax is based…
A: Gross pay= 40 hours * $ 21.25 = $ 850
Q: Penny is paid a gross wage of $2,846 on a monthly basis. She is single and is entitled to 2…
A: Income tax is a tax levied by the federal government and some state governments on an individual's…
Q: Julia Sims has $46.000 of adjusted gross income and $7,360 of medical expenses. She expects to…
A: Tax deductions are expenses or items that can be subtracted from your taxable income, resulting in a…
Q: Manny is paid $915 on a weekly basis. He is married and is entitled to 1 withholding allowance. How…
A: Part 2:Explanation:Step 1: Determine Manny's Gross IncomeManny's gross income is his weekly pay…
Q: Ambrosia has an annual salary of $75,000. She contributes 25% of her pre-tax income to her 401(k),…
A: Calculation of Ambrosia’s approximate annual take-home pay after all deductions have been made…
Q: Solve the following problems using 6.2%, up to 1.45%.na wage limit, for Medicare tax. Kristy Dunaway…
A: Social Security and Medicare are two important programs in the United States that provide social…
Q: Sean's gross pay for this month is $8.950. His gross year-to-date pay, prior to this month, totaled…
A: Net Pay: It refers to the amount that is paid to the employees by the business as a compensation for…
Q: 4: Shawn Buffett's filing status is married filing separately, and he has earned gross pay of…
A: Taxable earnings for medicare tax = 2680-60 = 2620 Total earnings = 210,300+2620 =$212,920
Q: Dr. Josef Young earns an adjusted gross weekly income of $2,518. How much Social Security tax…
A: Social security taxSocial Security tax is the type of payroll tax levied in the US for all…
Q: Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is…
A: For the fourth quarter, Number of semi months = 6 Total earnings = $5100×6=$30600 Social security…
Q: Leanne is a government employee and has 10 days sick leave credits and 7 days vacation leave…
A: If a person , who is government employee can pay for the sick leave and vacation leave also, if he…
Q: Sally earns gross wages of $1200 per week. She has standard deductions for social security and…
A: The employee contributes to the retirement account to support the financial needs after retirement,…
Q: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…
A: Net pay refers to the total sum value of money an individual receives on his/her pay check after all…
Q: Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare,…
A: Solution Working- Social security tax = 1000*6.2% = 62 Medicare tax = 1000 * 1.45% = 21.025…
Q: Shirley Riddle's net biweekly earnings are
A: Total earnings are to be deducted for insurance and social security tax and retirement funds to get…
Q: Pam Trim's monthly net earnings are
A: To get net earnings we have to deduct the insurance premiums and social security and Medicare from…
Q: Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he…
A: Formula: Net pay = Gross pay - Total deductions
Q: For self-employed persons, social security tax is 12.4% of wages up to $128,400, and Medicare tax is…
A: Social security tax refers to the amount that is paid to the general government that is entitled…
Q: Helen Meyer receives a travel allowance of $210 each week from her company for time away from home.…
A: Please find the calculation of taxes on employee benefits in step 2 below.
Q: Ann earns $95,000 per year in salary. She pays 25% federal income tax, 6% state income tax, 6.2%…
A: The question is based on the calculation of gross monthly income and net monthly income . Net income…
Q: Helen Meyer receives a travel allowance of $160 each week from her company for time away from home.…
A: Given information: Travel allowance per week = $160 Applicable income tax rate = 15%
Q: Shirley Riddle earns $2,338 biweekly. She is single and claims no withholding allowances. She saves…
A: Net earnings = Gross earnings - savings for retirement - insurance premium - social Security tax -…
Q: If John earned $645.90 in gross pay what would he pay in state tax?
A: gross pay = $ 645.90
Q: What are the correct deductions for Social Security, Medicare, and FIT?
A: Given in the question: Prior to payroll check $1,40,000 Weekly Pay $4,100…
Q: Susan, who is a qualifying widow, has a monthly gross income of $5,750.78 Calculate her net earnings…
A:
Q: Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the…
A: The Medicare tax is a proportion of gross wages that almost all employees, business owners, and…
Q: gross
A: a) For the month of January, Mary's take-home salary would've been $14,560. To get at this figure,…
Q: Hank earns $21.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50…
A: When all deductions have indeed been done, the employee's net pay is the amount that is still due…
Q: Kenneth Washington's weekly gross earnings for the week ended April 22 were $1,000, and his federal…
A: Introduction: Net pay is the amount of pay that remains available for distribution to an employee…
Q: In 2021, I have an income of $49,000 from my job as a salesman. I contribute $8,000 to a traditional…
A: Federal income taxes is the tax amount which a tax payer has to be paid to government and which is…
Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…
A: The objective of the question is to calculate the amount of Social Security taxes that Lee…
Q: nirley Riddle earns $2,333 biweekly. She is single and claims no withholding allowances. She saves…
A: Net salary is the total salary one gets after all the mandatory deductions such as taxed that are…
Q: Joanne Keating, who is paid S2,200.00 bi-weekly, also receives the following in addition to her…
A: Insurance offers a security from any kind of miss happening in future by offering a claim offered to…
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- Reagan earned $1500last week. He is married and is paid biweekly. Using the percentage method, (use tables in the handbook), his income tax is:Jacob Turner hired Jen Hatcher as a housekeeper starting on January 2 at $831 monthly. Jacob does not withhold any federal taxes. Assume that Jen is not a housekeeper for anyone else. Assume that Jacob paid $2,493 in wages for the fourth quarter of 2020. Required: How much in social security tax should Jacob pay? (Round your final answer to 2 decimal places.) How much Medicare tax should Jacob pay? (Round your final answer to 2 decimal places.) How much FUTA tax should Jacob pay?9. Joe is married and claims three allowances. The gross earnings on his last biweekly check were $1,895. Find Joe's federal withholding taxes for this pay period. 10. Diana's gross earnings for last week were $589. She is single and claims two allowances. Find the deductions for her federal withholding taxes for this pay period. 11. Walter's gross earnings were $4,596 on his last monthly check. He is single and claims one allowance. Find his federal withholding taxes for this pay period.
- Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $11,500. He is single and claims 1 deduction. Before this payroll, Barrett’s cumulative earnings were $128,080. (Social Security maximum is 6.2% on $128,400 and Medicare is 1.45%.) Calculate FIT by the percentage method, as well as the social security taxes and medicare taxes.Amy's gross pay for the week is $850. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions of $255. Her year−to−date pay is under the limit for OASDI. What is her net pay? (Assume a FICA—OASDI Tax of 6.2% and FICA—Medicare Tax of 1.45%. Round all calculations to the nearest cent.)Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $30 put into her health savings account (nonqualified) each week. Her employer matches this $30 each week. Determine Whiteweiler's take-home pay if she is head of household. Enter deductions beginning with a minus sign (-). Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Gross pay $930 HSA contributions -30 401(k) deductions -100 OASDI tax -57.66 HI tax -13.49 FIT Net pay $
- Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT) may be incorrect. Larren is paid a salary of $4,100 weekly. She is married, claims 4 deductions, and prior to this payroll check, has total earnings of $128,255. What are the correct deductions for Social Security, Medicare, and FIT? Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. (Use Table 9.1 and Table 9.2). (Round your answers to the nearest cent.) Social Security taxes Medicare taxes FIT DeductionsDomesticRick Portnoy's filing status is head of household, and he has earned gross pay of $1,300. Each period he contributes $40 to a flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $206,100. Total Medicare Tax = $
- Alfred Morneau earned gross pay of $820. Each period he makes a 401(k) contribution of 5% of gross pay, and his current year taxable earnings for Social Security tax, to date, are $37,200.Total Social Security tax = $ 2:Rachel Schillo earned gross pay of $1,900. She does not make any retirement plan contributions, and her current year taxable earnings for Social Security tax, to date, are $105,000.Total Social Security tax = $ 3:Rudolph Fabrizio earned gross pay of $3,200. Each period he contributes 3% of gross pay to a flexible spending account, and his current year taxable earnings for Social Security tax, to date, are $136,200.Total Social Security tax = $ 4:Michael Frank earned gross pay of $2,650. Each period he designates 6% of gross pay for a dependent care flexible spending account, and his current year taxable earnings for Social Security tax, to date, are $224,300.Total Social Security tax = $Dr. Josef Young earns an adjusted gross weekly income of $2,472. How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? The Social Security tax rate is 6.2% from earnings to be taxed to a maximum annual wage of $118,500. The Medicare tax rate is 1.45% from all earnings to a maximum annual wage of $200,000. The Social Security tax is $??? (Type an integer or a decimal. Round to the nearest cent as needed.) The Medicare tax is $??? (Type an integer or a decimal. Round to the nearest cent as needed.)Debbie earns an annual salary of $80,000 per year. Paid Biweekly. She contributes 2% of her biweekly gross salary to RRSP. She receives a group life non cash taxable benefit of $35.00 and a $85.00 cash cell phone allowance per pay. It is March 2021 and she has not hit any maximums. Her claim code is 1. Please calculate her gross earnings, El contribution, CPP contribution, income tax contribution and her net pay. Please note you must show all formulas/work or you will receive zero. Gross Earnings: (1) El Contribution: (1) CPP Contribution: (1) Income Tax Contribution - Federal. Income Tax Contribution Provincial Net Pay:(1)
