Sarah earned $3000.00 in insurable earnings this pay. Her current year to date El deductions are $1025.05. What is her El deduction for this pay? She is paid weekly

Step 1: List down the given. Sarah's insurable earnings this pay : $3000Year-to-date EI deductions:…

Answered: Sarah earned $3000.00 in insurable…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 51P: Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys...

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Similar questions

Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax liability before credits is 190,000, and her TMT is 150,000. a. What is Lisas AMT? b. What is Lisas regular income tax liability after credits?
If Marissa's yearly salary was $65,900 and she received taxable benefits in the amount of $1127.99 per year what amount would go into Box 26 on her T4?
Mena has year-to-date (YTD) earnings of $125,200. If her next paycheck put her above the wage base limit of $128,400, what will be the amount of the social security deduction at 6.2 %? a. $788.76 b. $128.20 c. $198.40 d. $204.60
Juanita paid a life insurer $60,100 in exchange for an immediate life annuity. Juanita will receive $600 per month from the insurer, and her life expectancy is 14 years. Assume that Juanita receives 12 monthly payments in the first year. How much taxable income must she report? (Round your answer to 2 decimal places)
Jerrod smiths gross earnings this pay period were $1350 . Jerrod is paid weekly and he is single with 2 withholding allowances. His year to date is $59.875. find his social security medicare and federal income tax deduction for this pay period
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A taxpayer, age 64, purchases an annuity from an insurance company for $80,000. She is to receive $667 per month for life. Her life expectancy is 20.8 years from the annuity starting date. Assuming that she receives $8,000 this year, how much is included in her gross income? Round any percentages to two decimal places. Round the final answer for the income to the nearest dollar. Exclusion percentage: Included in income: LA %
Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year: Contribution to Traditional IRA : 5000 PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000 Medical expenses: 6000 What is Amy's Adjusted Gross Income? (AGI) a. 29000 b. 34000 c. 35000 d. 39000
My daughter earns a salary of $40,800 per year, payable monthly. She is married and claims four withholding allowances. What is her federal income tax? Gross monthly is $3400
Shirley Riddle's net biweekly earnings are
Ralph and Kathy Gump are married with one 20-year-old dependent child. Ralph expects to earn $98,000 (paid monthly) and estimates their itemized deductions to be $29,500 for the year. Kathy expects to earn wages of $54,000. The Gumps expect to have for AGI deductions of $3,600. Use Form W-4 and worksheet on 9-50 to 9-53 to determine what Ralph should report on lines of Form W-4. 3. 4(a). 4(b). 4(c).
Luoxana contributed $5,000.00 every year into an RRSP for 18 years. "What nominal annual rate of interest will the RRSP earn if the balance in Luoxana's account just after she made her last contribution was $195,000.00?

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