Kalen O'Brien earned $710 this week. The deductions from her pay were as follows:FITFICA-OASDIFICA-HI$75.0044.0210.30State income tax35.50State disability insurance8.50Health insurance premium19.10Credit union contributionUnited Fund contribution34.005.00O'Brien's employer just received a garnishment order (credit card debt of $3,770) against her pay. Compute the following:round your answers to the nearest cent.a. O'Brien's disposable earningsb. The amount of her pay subject to the garnishment☐ ☐

Disposable earnings refers to the amount of portion of income left with the person after deducting…

Kalen O'Brien earned $710 this week. The deductions from her pay were as follows: FIT FICA-OASDI FICA-HI $75.00 44.02 10.30 State income tax 35.50 State disability insurance 8.50 Health insurance premium 19.10 Credit union contribution 34.00 United Fund contribution 5.00 O'Brien's employer just received a garnishment order (credit card debt of $3,770) against her pay. Compute the following round your answers to the nearest cent. a. O'Brien's disposable earnings b. The amount of her pay subject to the garnishment S

Kalen O'Brien earned $710 this week. The deductions from her pay were as follows: FIT FICA-OASDI FICA-HI $75.00 44.02 10.30 State income tax 35.50 State disability insurance 8.50 Health insurance premium 19.10 Credit union contribution 34.00 United Fund contribution 5.00 O'Brien's employer just received a garnishment order (credit card debt of $3,770) against her pay. Compute the following round your answers to the nearest cent. a. O'Brien's disposable earnings b. The amount of her pay subject to the garnishment S

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 1BCRQ

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Kalen O’Brien earned $730 this week. The deductions from her pay were as follows:FIT FICA—OASDI FICA—HI State income tax State disability insurance Health insurance premium Credit union contribution United Fund contribution$72.00 45.26 10.59 36.508.61 19.50 35.005.00O’Brien’s employer just received a garnishment order (credit card debt of $3,500) against her pay. Compute the following:a. O’Brien’s disposable earnings........................................... b. Theamountofherpaysubjecttothegarnishment
Kalen O'Brien earned $730 this week. The deductions from her pay were as follows: FIT $66.00 FICA-OASDI 45.26 FICA-HI 10.59 State income tax 36.50 State disability insurance 8.61 Health insurance premium 19.50 Credit union contribution 35.00 United Fund contribution 5.00 O'Brien's employer just received a garnishment order (credit card debt of $3,500) against her pay. Compute the following; round your answers to the nearest cent. a. O'Brien's disposable earnings $ b. The amount of her pay subject to the garnishment $ Check My Work
Garrett Hudson earned $895 this week. The deductions from his pay were as follows: FIT $86.00 FICA—OASDI 55.49 FICA—HI 12.98 State income tax 27.75 State disability insurance 6.71 Health insurance premium 31.00 Credit union contribution 50.00 United Fund contribution 10.00 Hudson's employer just received a garnishment order (credit card debt of $2,140) against his pay. Compute the following: Round your answers to the nearest cent. a. Hudson's disposable earnings $ b. The amount of his pay subject to the garnishment $
John Jenkins earns $1,290 per week. The deductions from his pay were: FIT $111.00 FICA-OASDI 79.98 FICA-HI 18.71 State income tax 31.00 State disability insurance 9.03 Credit union deduction 40.00 Health insurance premium 47.50 Charitable contribution 5.00 John's disposable earnings would be: $1,290.00 - $111.00 (FIT) - $79.98 - $18.71 (FICA deductions) - $31.00 (SIT) - $9.03 (disability insurance) = $1,040.28 Example 6-3 Huffman Company has a child support order outstanding on one of its employees (Charles Suffert-$170 per week). Charles Suffert's disposable income is $950 per week. A new garnishment is received for a $5,000 debt to a credit card company. The company would take an additional $237.50 out of Suffert's pay. Lesser of: 25% x $950 $237.50 or $950 - (30 x $7.25) = $732.50 Kalen O'Brien earned $730 this week. The deductions from her pay were as follows: FIT $66.00 FICA-OASDI 45.26 FICA-HI 10.59 State income tax 36.50 State disability insurance 8.61 Health insurance premium…
John Jenkins earns $1,290 per week. The deductions from his pay were: FIT $111.00 FICA—OASDI 79.98 FICA—HI 18.71 State income tax 31.00 State disability insurance 9.03 Credit union deduction 40.00 Health insurance premium 47.50 Charitable contribution 5.00 John’s disposable earnings would be: $1,290.00 - $111.00 (FIT) - $79.98 - $18.71 (FICA deductions) - $31.00 (SIT) - $9.03 (disability insurance) = $1,040.28 Example 6-3 Huffman Company has a child support order outstanding on one of its employees (Charles Suffert—$170 per week). Charles Suffert's disposable income is $950 per week. A new garnishment is received for a $5,000 debt to a credit card company. The company would take an additional $237.50 out of Suffert's pay. Lesser of: 25% × $950 = $237.50 or $950 − (30 × $7.25) = $732.50 Kalen O'Brien earned $730 this week. The deductions from her pay were as follows: FIT $66.00 FICA—OASDI 45.26 FICA—HI 10.59 State income tax…
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