you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and Federal Tax withholding (10%). The following table shows your monthly expenses. What is the total amount for the FICA and Federal Tax withholdings?  Rent (monthly) $657.00 Telephone (monthly) $56.34 Groceries (weekly) $56.00 Clothing (monthly with 1/2 job related $106.00 Water & Electric (monthly) 98.87 Dinner & Movie $40.00 (weekly)

Q: Determine how much the following individual will save in taxes with the specified tax credits or…

A:

Q: Mike is filing as the head of a household. Her taxable income is $61,014. Use the Tax Table, Exhibit…

A:

Q: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

A: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

Q: mr smith's taxable income for the last pay period was $1585.56. If the federal income tax rate was…

A:

Q: a. A new ring light costs $89. You get a coupon for 15% off. What is the discounted price? b. If…

A: Find the discount price

Q: Find the monthly payment for the loan. Used car financing for $600,000 for 25 months at 11.75%.…

A: here we have to find the monthly payment for the loan. PV (present value of car) = $600,000 n(number…

Q: Consider a student loan of $15,000 at a fixed APR of 6% for 15 years. a. Calculate the monthly…

A: 1) a) Amount borrowed = $67,000, Annual Interest rate = 4%, the number of payments per year is 12…

Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year. 1. What is her monthly take home pay…

A:

Q: Estimate the annual percentage rate for the add on loan using the given number of payments and…

A: Given n=42 and r=5.9% We have to estimate the annual percentage rate for the add on loan by using…

Q: Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit,…

A: The objective of this question is to calculate the Social Security and Medicare withholdings for an…

Q: Lily earns $67,800 per year. She pays 30% in taxes. Match the amounts below with the correct…

A: The objective of this question is to calculate Lily's monthly gross pay, the amount withheld for…

Q: Isabella is filing as the head of a household. Her taxable income is $69,014. Use the Tax Table,…

A:

Q: Vhat are the social security and Medicare taxes due on gross earnings of $42,600 per ear for a…

A: Given, the gross earnings for a self-employed person per year =$42,600

Q: you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and…

A: IntroductionThe gross income is the total money earned before the taxes and other deductions are…

Q: If the sales tax is 8.25%, how much does John have to pay for the phone at the store, before he…

A:

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Manuel purchases a house and gets a 30-year mortgage for $175,000 at 4% APR. In addition to the…

A:

Q: Compute the gross income, adjusted gross income, and taxable income in the following situation. Use…

A: Total wages earned = $61800 Amount earned from Interest = $260 Therefore gross income =…

Q: Tad hallway  received a bill for $765 dated may 4th for goods received on june 10th. The terms of…

A: It is given that Tad hallway received a bill for $765 dated may 4th for goods received on June 10th.…

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below