Marty's friend Tom makes and hourly wage of $15.00 per hour. Using that there are 40 hours in a standard work week, there are 52 weeks in a year, Social Security Tax is $6.20 for every $100 earned, Medicare Tax is $1.45 for every $100
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Marty's friend Tom makes and hourly wage of $15.00 per hour. Using that there are 40 hours in a standard work week, there are 52 weeks in a year, Social Security Tax is $6.20 for every $100 earned, Medicare Tax is $1.45 for every $100
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- A senior citizen gets a part-time job at a fast-food restaurant. She earns $9 per hour for each hour she works, and she works exactly 30 hours per week. Thus, her total pretax weekly income is $270. Her total income tax assessment each week is $50, but she has determined that she is assessed $3 in taxes for the final hour she works each week. This person's average tax rate each week is percent. (Round your answer to one decimal place)maggie vitteta, single, works 40 hours per week at $12.00 an hour. how much is taken out for federal income tax with one withholding exemption? (use table 9.1 and table 9.2) (round your answer to the nearest cent.): Amount: ?? In table 9.1 which is withholding for one allowance. According to the table when people are weekly they get 79.80, but it is only the one withholding allowance. So if someone has withholding of 3, that person needs to take the value of one withholding and multiply it by 3. (79.80 * 3 = 239.4) and that's how much you will need to subtract from the gross pay. Once you have already subtracted the number (239.4) from the gross pay, you go to table 9.2 and calculate how much taxed you owe. It is very important that you take into account whether the person is married or single because they have different rates.https://images.app.goo.gl/CMJFp7rnwo4eSV8c9 https://images.app.goo.gl/qodj6fY7ohJSSUTQ7Alex makes $20 an hour as a dental assistant. She works 8 hours per day, and 80 hours on each paycheck. How much does Alex make, before taxes, on each paycheck? 1. What is the question asking you to find? Options choice: • How much Alex makes, before taxes, per paycheck. • How much Alex makes, before taxes, per hour. • How much Alex makes, before taxes, per week. •How much Alex makes, before taxes, per day. 2. Does the story problem gives you any information you do not need to solve the problem? If so, explain how you know the information is not needed. 3. How much will Alex make, before taxes, on her next paycheck?4. Do your best to explain why the size of the number you got makes sense. Just imagine that someone challenged your answer, and you wanted to convince them it was correct. Complete the following sentence: The answer I got makes sense because ______________.
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- Helen Meyer receives a travel allowance of $210 each week from her company for time away from home. If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit annually? (Round your final answer to 2 decimal places.)Accounting Henry makes $13.67/hr. at his job and he normally works 43 hours per week. His expenses each month are $940/month for rent, $529.26/month for utilities, and $410/month for food and clothing. He wants to buy a car, but the payments are $382.74/month. If Henry pays 15% of his income to taxes and insurance, can he afford this new car? Give your answer as the amount of money left after the car payment is added or give a negative number of the money he earns is not enough. Assume a month is 4 weeks. Round to the nearest cent.Thomas earns $52,000 per year in salary. You pay 15% for federal income tax, no state taxes, no social security, and 1.45 % for medicare. You receive 5 days of paid vacation. What is the gross monthly salary? What is the net monthly salary (without vacation)? Thomas takes 4 days off in April to go on vacation. What is his net monthly salary for April? In September, Thomas takes 3 more days off. What is his net monthly pay for September?
- Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted wher the offer came through at $16.20 per hour. She completed her W-4 stating that she is married with a child and claims an allowance of 3. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare). Calculate her take-home pay for her first check. (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.) Net payYou have just accepted your first full-time job as assistant manager. You will be earning a salary of $625 per week. That sounds like a lot of money, but you know there will be deductions from your paycheck, such as federal income tax, Social Security tax, and medical insurance. Let’s find out how much you will actually make. 1 You are single and claim no allowances. How much .is deducted from your weekly paycheck for federal income taxes? 2.Your state tax income rate is 4.2% on all gross income. How much is deducted from your weekly paycheck for state income taxes? 3.Your local tax rate is 2.1% on all gross income. How much is deducted from your weekly paycheck for local tax? .4.Social security tax is deducted at the standard rate of 6.2%. How much will you pay into Social Security each week? 5..Medicare is deducted at the standard rate of 1.45% on all earnings. How much will your pay into Medicare each week? 6..You know it’s a good idea to have medical insurance.…molly has a part time job that pays her a gross income of $135 each week. Her withholding each week is $59.50. She also baby sits. Her saving strategy is to deposit 20 Percent of what she takes home. This week she earned $35 from two baby sitting jobs. How much should she deposit?