d. If the employees are not covered, what is the maximum amount Ken can contribute for himself? Only 25% of employee earnings ......... Lesser of $61,000 or 25% of employee earnings Greater of $61,000 or 25% of employee earnings Only 25% of employee earnings Only $61,000 e. If Ken is required to contribute for his employees and chooses to contribute the maximum amount, what is the maximum amount Ken can contribute for himself? (Hint: Calculate the employee amounts first.) Ignore any changes in Ken's self-employment tax.

Required: b-1. Suppose Ekiya receives a competing job offer of $140,000 in wages and nontaxable (excluded) benefits worth $9,000. What is the amount of Ekiya's after-tax compensation for the competing offer? b-2. Which job should she take if taxes are the only concern? Complete this question by entering your answers in the tabs below. Required B1 Required B2 Suppose Ekiya receives a competing job offer of $140,000 in wages and nontaxable (excluded) benefits worth $9,000. What is the amount of Ekiya's after-tax compensation for the competing offer? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Required B2 (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation

q1 Steve worked as a tech supervisor for a computer company. In September of this year, he was laid off. He was paid unemployment compensation for the rest of the year totaling S7,000. Which of the following is true? a. Steve will have to report all S7,000 of the unemployment compensation as income. b. Unemployment compensation is never taxable. c.Steve will have to report $4,600 of the unemployment compensation as income. d. As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable. e. None of these choices are true.

The plant union is negotiating with the Eacty Company, which is on the verge of bankruptcy. Eagle has offered to pay for the employees' hospitalization insurance in exchange for a wage reduction. Each employee currently pays premiums of $4,000 a year for their insurance. Which of the following is correct: a.If an employee's wages are reduced by $5,000 and the employee is in the 24% marginal tax bracket, the employee would benefit from the offer. b.If an employee's wages are reduced by $6,000 and the employee is in the 35% marginal tax bracket, the employee would benefit from the offer. c.If an employee's wages are reduced by $4,000 and the employee is in the 12% marginal tax bracket, the employee would benefit from the offer. d."If an employee's wages are reduced by $5,000 and the employee is in the 24% marginal tax bracket, the employee would benefit from the offer", "If an employee's wages are reduced by $4,000 and the employee is in the 12% marginal tax bracket, the employee would…

PROBLEM 3. Glenda is trying to decide whether to accept a bonus of 25% of net income after salaries and bonus or a salary of P97,500 plus bonus of 10% of net income after salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be P450,000. What amount of income would be necessary so that Glenda would consider the choices to be equal? P1,100,000 P1,197,000 a. b. с. P650,000 d. P1.262.500

An excel spreadsheet must be use to complete the following activity: You work for a small business. The company offers employees a 401k plan. The company matches employee contributions to the plan up to 3 percent of the employee's gross pay. 1. Find each employee's contribution to a 401(k) account by multiplying the employee's gross pay by the contribution percentage. Find the employer's matching contribution and the total contribution amount for each employee. The employees are listed by employee number. 2. Find the employer's total contribution for all employees.

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If an employee takes a customer to lunch and discusses business, can the employee deduct the cost of a meal? Explain. C O A. Employees can no longer deduct any portion of the cost of meals and entertainment. O B. Employees can deduct 50% of the entire cost. O C. Employees can deduct 50% of their own meals and entertainment that are business related but none of the cost of the customer's meal. O D. Employees can deduct 50% of their own meals and entertainment that are business related as well as 100% of the cost of the customer's meal.

What is the Health Savings Arrangement (HSA) catch-up contribution limit for an employee who is 58 years old and married? O $3,600 O $1,000 O $7,200 O $1,050

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