For self-employed persons, social security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages. Compute Austin's total social security and Medicare taxes for the first quarter if she is self-employed and earns $5,000.00 on a semimonthly basis.

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: Organic Farmers Cooperative has three employees and pays them weekly. Using the withholding bracket…

A: 1. Maria:Weekly income: $705Withholding allowances claimed: 3Maria's income falls between $700 and…

Q: Matty Kim, an accountant for Vernitron, earned $120,900 from January to June. Matty earned $20,000.…

A:

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: Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of…

A: Social Security tax(SST) is imposed on both the employer and employee of the firm in order to…

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: Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes…

A: Income Tax - It is the amount charged by the government over an income earned by the company/person…

Q: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…

A: Social security tax is determined by calculating the percentage set by the government to its gross…

Q: R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social…

A: Cost of employment includes all expenses paid by employer. Payroll taxes also part of employment…

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: 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: Davis and Thompson have earnings of $913 each. The social security tax rate is 6.0%, and the…

A: Abbreviation of FICA: Federal insurance contributions Act  Both employee and employers mandatory…

Q: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: Formula to calculate  employee's annual FICA taxes amount:Employee's annual FICA taxes = Employee…

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: 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: maggie vitteta, single, works 40 hours per week at $12.00 an hour. how much is taken out for federal…

A: (1) Employee - Maggie Vitteta (2) Status - Single (3) Number of Hours Worked = 40 hours per week (4)…

Q: Mary Smith earned her four-year degree and is in her first year of consulting for a law firm. Her…

A: Payroll It is important to prepare the payroll expenses of the employees and make the statutory…

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

A: Net pay means take-home pay or the amount employees earn after all payroll deductions are subtracted…

Q: Baker Green's weekly gross earnings for the week ending December 7 were $2,800, and her federal…

A: Introduction: A person's net pay is the amount of money left over for distribution to them after all…

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: The following information is available for the employees of Webber Packing Company for the first…

A: Payroll and employee compensation are related to the payments made by an employer to their employees…

Q: Sky Company employed Tom Mills in Year 1. Tom earned $5,100 per month and worked the entire year.…

A: Tax refers to the financial charge which is compulsory in nature and it is imposed by the government…

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: Matty Kim, an accountant for Vernitron, earned $111,000 from January to June. In July, Matty earned…

A: Social Security tax for july = 6.2% of [$118, 500 - $111,000]

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: The following information is available for the employees of Webber Packing Company for the first…

A: Net pay is the amount of money that an employee receives after deductions such as taxes, Social…

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: Mary started a new job and wants to verify her net pay has been computed correctly. Her gross pay…

A: Net pay represents a person's gross income minus various deductions. Gross income is the total…

Q: cial security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax…

A: Higher income earners are taxed at a higher rate under the federal income tax, which is based on a…

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: 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: 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…