Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax.   Kristy Dunaway has biweekly gross earnings of $1,550. What are her total social security and Medicare tax withholdings for a whole year? Round to the nearest cent when necessary.   Social security: $ Medicare: $

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…

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Q: Average Social Security benefits and taxes Use Exhibit 14.3 to estimate the average Social Security…

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A:

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Q: 3: Kasey Wolfe earned gross pay of $1,140. Each period he contributes 1.5% of gross pay to a…

A: Social Security Tax The statutory payroll tax known as Social Security is paid by both employers and…

Q: John Jenkins earns $1,290 per week. The deductions from his pay were: FIT $111.00 FICA—OASDI 79.98…

A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you…

Q: Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is…

A: Given: Wages = $5,300 Social security tax = 12.4% Medicare tax = 2.9%

Q: Portia Grant is an employee who is paid monthly. For the month of January of the current year, she…

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Q: Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one will reach…

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Q: Post Malone earns $6,150 per month working for an employer. The Federal Insurance Contributions Act…

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Q: 13.What will be the total deduction for social security and Medicare taxes on Rony's next…

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Q: Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $309,000 this…

A: Given: Annual Earnings of Mr. Marc = $  309,000 Social Security Rate = 12.4 % Medicare = 2.9 %…

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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: Sedki earned $119,750 in 2014. How much did he pay in Social Security taxes? In Medicare taxes? In…

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Q: PROBLEM 1             Mary Matthews made $950 in a biweekly pay period. Only social security…

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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: Pam​ Trim's monthly net earnings are

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A: Please find the calculation of taxes on employee benefits in step 2 below.

Q: Shirley Riddle earns $2,338 biweekly. She is single and claims no withholding allowances. She saves…

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