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

A:

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Q: Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a…

A: Payroll Taxes = FICA SS Tax + FICA Medicare Tax + FUTA Tax + SUTA Tax= 544.87+ 127.42 + 42 +…

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: 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…

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Q: Baker Green's weekly gross earnings for the week ending December 7 were $3,200, and her federal…

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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…

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

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

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Q: Solve the following problems using 6.2%, up to 1.45%.na wage limit, for Medicare tax. Kristy Dunaway…

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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: Richard Gaziano is a manager for Health Care, Incorporated. Health Care deducts Social Security,…

A: Answer:-  Net pay meaning:- Net pay is the term used to describe the take-home pay that an employee…

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

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Q: Sally earns gross wages of $1200 per week. She has standard deductions for social security and…

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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: Solution Working- Social security tax = 1000*6.2% = 62 Medicare tax = 1000 * 1.45% = 21.025…

Q: Shirley​ Riddle's net biweekly earnings are

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

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Q: Susan, who is a qualifying widow, has a monthly gross income of $5,750.78 Calculate her net earnings…

A:

Q: Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income…

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Q: Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the…

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Q: gross

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Q: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution

Q: An employee earned $45,400 during the year working for an employer when the maximum limit for Social…

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Q: Reagan earned $1500last week. He is married and is paid biweekly. Using the percentage method, (use…

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Q: Paulina Robinson (single; 2 federal withholding allowances) earned biweekly gross pay of $1,265. She…

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