Tamara works for FunCorp. She makes $65,000 per year in salary. How much does she pay in FICA taxes for the year? O $4,030.00 O $4,972.50 $8,060.00 O $9,945.00
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- Reggie makes $400 per week and has a cash taxable benefit of $5 00 per pay He is paid weekly. How much would he pay in CPP contributions? $17 86 O $19. 25 O $17.89 $18 40If you are self-employed and earn $260,000, what are your FICA taxesAnna has the following income for the quarter: a. Professional income P80,000 b. Income from her business P30,000 c. Compensation income P40,000 d. Interest income from bank deposit P10,000. 1. What amount of income will Anna report in her quarterly income tax return? a. P80,000 b. P110,000 c. P120,000 d. P150,000 2. If Anna, opted to use 8% rate, how much is her income tax due in her quarterly ITR? a. P6,400 b. P8,800 c. P9,600 d. P12,000
- Betty is a manager at a Big 4 accounting firm. She earns $120,000 per year. How much is her low income rebate? a. $1,200 b. $600 c. Nil d. $445Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for clothing, and (1)/(20) for recreation: a. How much does he spend for each? b. How much is his total expenses? c. How much does he save? d. What fractional part of his earnings is his savings?Cathi needs to cover $4,500 per m to generate per month in order tha O $4,500 O $6,924 O $6,075 O $1,575 O $12,858 personal living expenses with the profits from her business Approximately how much profit does Cathe's business need "take home" the $4,500 per month she needs to cover her personal expenses if Cathi's estimated tax rate is 35%?
- Mary Singh, has the following information for her İncome Tax Return this year: Net Taxable Capital Gains Annual Union Dues Employment Income RRŠP Deduction First Time Home Buyer's Credit CPP Payroll Deduction from her T4 Slip Mary's T1 Income Tax Return Net income, Line 23600 for this year is? $10,000 $2,000 $40,000 $10,000 $5,000 $2,000Ma3. Hong earns $148,500 in her job as a physician's assistant. She also has her own business selling cosmetics. This business generated $10,000 of earnings. What is Hong's self-employment tax for 2021?i live in NY and make $45 a hr and i work just 35 hrs a week how much taxes would they detuct from me??? (percentage)
- How much do you pay for Social Security if you are taxed at 6.2% of your incomeand you make $4350 per month.George earns $900 per week working at an amusement park. What is his gross monthly (4 weeks in 1month) income?_______________ If he pays $209 in taxes, what is his net income?______________________Sarah just started a new job. Her employer has a 401k match of 75% up to 6% of her gross salary Sara's gross income is $55,000. She contributes $2.500 of her gross income to the 401k every year. How much free money is she missing out on? $800 $600 $3,000 $6.000