Question 8 Jerrod Smith's gross earnings this pay period were $1350. Jerrod is paid weekly and he is single with 2 withholding allowances. His year-to-date is $59,875. Find his social security, medicare, and federal income tax deduction for this pay period.
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- question 26 Sean is paid a semi-monthly salary in the amount of $3750. His employer also pays his life insurance premium of $20/month. His income tax withholding on the current pay is $690. Sean also contributes $5 per pay to his Canada Savings Bonds. Sean has contributed $1500 to CPP for the year and $600 to EI. What is the EI expense?ASap B Blake Green's weekly gross earnings for the week ending December 7 were $2,500, and her federal income tax withholding was $525. Assuming the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and Green’s earnings to date have not reached the maximum subject to FICA taxes, what is Green’s net pay? Round your answer to two decimal places.$fill in the blank 1QUESTION 3 Francisco's gross income this year is $29,550. His employer withholds $55 per month to pay for his health insurance premium, and another $60 per month toward his retirement fund. Since he is single he qualifies for a $12,000 standard deduction. What is his taxable income?
- PROBLEM 1 Mary Matthews made $950 in a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 each biweekly pay to her company’s 401(k) plan. Determine Matthews’ take home pay if she is married and claims 2 allowances (use wage bracket method).Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. What is the social security tax paid if jose 's gross income is $145,780.00 for the year.Question 9: During a recent week, Jonathan Phelps worked 38 regular hours. He earns $10.25/hour and has requested that 4% of his gross pay be withheld and contributed to a 401(k) retirement plan. Jonathan's taxable pay for federal income tax withholding is $
- Calculating Social Security and Medicare taxes assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. What is the Medicare tax paid if Anthony's gross income is $114,550.00 for the year. *10. Jorge Powell is married and claims 2 allowances. (a) How much does the company withhold from his weekly paycheck of $550 for the last week of December for federal income, Social Security, and Medicare taxes? (b) What is the total deduction amount?QUESTION 19 1. Use the 2018 Payroll Tax Withholding Tables from IRS Pub. 15. Circular E(see Mastering Payroll, 90-93), compute FITW for the following . Sandy is married, claims 3 allowances on her W-4 and is paid $645 a week. • Sofia is single, claims 6 allowances on her W-4 and is paid $1,500 every 2 weeks. • Carlos is married, claims 6 allowances on his W-4 and is paid $1,500 every week. • Sam is single, claims 0 allowance on his W-4 and is paid $959 every 2 weeks. For the toolbar, press ALT F10(P) or ALTIN+F1O (Mac) B Paragraph Arial 10pt Av I. F制制 x X, 田田用国 * () Sandys QUESTION 20 Clk Se and Suie to e and ir. Cick Se AllA ers se all ansers Save Al A ers !!
- Find the amount of income tax withheld from Karen's semimonthly gross paycheck of $1,737.50 using the percentage method tables in Exhibit 9-1 and Exhibit 9-2 from your text. Karen is married and claims 4 withholding allowances. $56.49 $77.75 $132.48 $139.50Exercise 12-19 (LO. 7) Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario, who is single, earns wages of $440,000.His additional Medicare tax is $fill in the blank 1. b. George and Shirley are married and file a joint return. During the year, George earns wages of $138,000, and Shirley earns wages of $210,000.Their additional Medicare tax is $fill in the blank 2. c. Simon has net investment income of $38,000 and MAGI of $223,000 and files as a single taxpayer.Simon's additional Medicare tax is $fill in the blank 3.3:Rudolph Fabrizio earned gross pay of $3,200. Each period he contributes 3% of gross pay to a flexible spending account, and his current year taxable earnings for Social Security tax, to date, are $136,200.Total Social Security tax = $