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- Allison is paid $3,000 per week. What is the amount of federal income tax withheld from Allison’s paycheck under the following conditions? Assume that Allison has only one job or that step 2 of Form W-4 is not checked. Also, her employer uses the Percentage Method Tables for Automated Systems. Use percentage method tables for automated systems. Required: Allison is single and no dependents. Allison is married (her spouse does not work) and claims two dependents who are under the age of 17. Allison is single, claims no dependents, but wants $60 in additional withholding.q1 Steve worked as a tech supervisor for a computer company. In September of this year, he was laid off. He was paid unemployment compensation for the rest of the year totaling S7,000. Which of the following is true? a. Steve will have to report all S7,000 of the unemployment compensation as income. b. Unemployment compensation is never taxable. c.Steve will have to report $4,600 of the unemployment compensation as income. d. As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable. e. None of these choices are true.Dewoun has two jobs, and both employers withheld FICA tax. From the first job, $111,671.20 was earned and from the second job, $32,188.15 was earned. How much can Dewoun claim as an additional payment on the Form 1040 as excess social security paid in 2021? Multiple Choice O $142.72 $58.56 SO $65.68
- Question 1: The third-party designee sections in both Form 941 and Form 940 require that the employer select a Answer: А. O username В. O password C. O five-digit PIN D. secret question B.Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $170 per week for 42 weeks during the current year. Do not round immediate computations and round your final answers to two decimal places. a. What is the employer's portion of Social Security and Medicare tax for the nanny that Ann should pay when she files her Form 1040 for 2018?$ b. What is the nanny's portion of the Social Security and Medicare tax?$Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month. a. What are the withholdings for social security and Medicare for Dan’s January paycheck? b. In what month will his salary reach the social security wage base limit? c. What are the social security and Medicare tax withholdings for Dan in the month named in part b?
- Gail works 32 hours Monday throught Thursday. On Friday, she is out with the flu and receives 8 hours' sick pay under her employer's policy. She returns to work for 4 hours on Saturday. If she earns 8 per hour and the federal minmum requirements for overtime pay apply, how much pay will she receive? a. 352 b. 320 c. 368 d. 288Donald was killed in an accident while he was on the job. Darlene, Donald's wife, received several payments as a result of Donald's death. Review the payments below and then enter the amount to be included in Darlene's gross income in the table provided. a. Donald's employer paid Darlene an amount equal to Donald's three months' salary ($45,600), which is what the employer does for all widows and widowers of deceased employees. b. Donald had $21,200 in accrued salary that was paid to Darlene. c. Donald's employer had provided Donald with group term life insurance of $135,000, which was payable to his widow in a lump sum. Premiums on this policy totaling $23,600 had been included in Donald's gross income under § 79. d. Donald had purchased a life insurance policy (premiums totaled $172,000) that paid $415,000 in the event of accidental death. The proceeds were payable to Darlene, who elected to receive installment payments as an annuity of $37,000 each year for a 29-year period. She…Jo and Larry own a small office building in Austin that they lease out. This year rental income from the office building was $120,000 and rental expenses were $80,000. On what Form 1040 schedule would Jo and Larry report their rental income and expenses? O Schedule E O Rental expenses are inherently personal and therefore not deductible. O Schedule C
- Donald was killed in an accident while he was on the job. Darlene, Donald's wife, received several payments as a result of Donald's death. Review the payments below and then enter the amount to be included in Darlene's gross income in the table provided. Donald's employer paid Darlene an amount equal to Donald's three months' salary ($45,600), which is what the employer does for all widows and widowers of deceased employees. Donald had $28,400 in accrued salary that was paid to Darlene. Donald's employer had provided Donald with group term life insurance of $165,000, which was payable to his widow in a lump sum. Premiums on this policy totaling $23,600 had been included in Donald's gross income under § 79. Donald had purchased a life insurance policy (premiums totaled $196,000) that paid $358,000 in the event of accidental death. The proceeds were payable to Darlene, who elected to receive installment payments as an annuity of $32,500 each year for a 21-year period. She received her…Sonny, 45, receives wages of $47,900 and $10,000 of unemployment in 2023. If Sonny files as Head of Household, what is his taxable income after taking the 2023 standard deduction for his filing status? $20,800 $27,100 $37,100 $47,900Barry's employer pays $1,945 in health insurance and $234 in life insurance per year. He also gets $4,213 in paid time off per year. His monthly gross pay is $5,020. What are Barry's total job benefits per year?