This position determines eligibility for housing assistance and prepares rent calculations. If Ms. Smith receives an income of $26,247 per year, how much income does she receive each week?
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This position determines eligibility for housing assistance and prepares rent calculations. If Ms. Smith receives an income of $26,247 per year, how much income does she receive each week?
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- Assume the year is 2021. Harold’s father, John, requires assistance at home 4 hours each day, 5 days a week. Harold hires Bernice to come to John’s home to assist him during that time. What category of worker is Bernice? What must Harold pay Bernice for one week? What taxes should Harold withhold from Bernice’s salary? What employment taxes does Harold have to pay on Bernice’s pay? Does Harold or Bernice owe FICA and in what amount depending on who has the responsibility? Do Harold or Bernice owe FUTA on her wages?How do you calculate the following question: Emma earns an annual salary of $84,400 and is paid biweekly. Her W-4 shows "Married with 2." What is her FIT withholding?Sally hires a maid to work in her home for $280 per month. The maid is 25 years old and not related to Sally. During 2019, the maid worked 9 months for Sally. a. What is the amount of Social Security tax Sally must pay as the maid's employer? b. What is the amount of Medicaare tax Sally must pay as the maid's employer? Sally's employer's Medicare tax: c. What is the amount of Social Security and Medicare tax which must be withheld from the maid's wages? Sally should withhold for Social Security and Medicare tax of:
- According to the housing recommendations from the book If a family has a gross annual income of $79,400 how much of their monthly income can be devoted to housing expensesDarrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from Janice. As part of the rental agreement, Shanna pays 8,400 rent on April 1, 2019, for the 12 months ending March 31, 2020. a. How much is Shannas deduction for rent expense in 2019? b. Assume the same facts, except that the 8,400 is for 24 months rent ending March 31, 2021. How much is Shannas deduction for rent expense in 2019?
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