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)
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- Eagle Life Insurance Company pays its employees 0.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus 100 a month for the cost of a pass. Tom collected 100 for his automobile mileage, and Mason received 100 as reimbursement for the cost of a bus pass. a. What are the effects of the above on Toms and Masons gross income? b. Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work is 0.30 per mile. What are Toms and Masons after-tax costs of commuting to and from work?Helen Meyer receives a travel allowance of $160 each week from her company for time away from home. If this allowance is taxable and she has a 15 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.) Annual tax amountHelen 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.)
- Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her employer matches this $25 each week. Determine Whiteweiler's take-home pay if she is single and claims 2 allowances (use the wage-bracket method). Enter deductions beginning with a minus sign (-). Round your calculations and final answers to the nearest cent. use the wage bracket 2019You 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? 2Your 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.…Miguel, a single teacher, earns $1,500 every two weeks (biweekly). He claims two allowances. What is his federal income tax withholding for each biweekly paycheck?
- 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/qodj6fY7ohJSSUTQ7Shirley Riddle earns $2,333 biweekly. She is single and claims no withholding allowances. She saves 2% of her salary for retirement and pays $22.81 in nonexempt insurance premiums each pay period. The Social Security Tax is 6.2% from earnings to be taxed. The Medicare tax is 1.45% from all earnings. What are her net earnings for each pay period?Julie Whiteweiler made $930 this week. Only social security (fullytaxable) and federal income taxes attach to her pay. Whiteweilercontributes $100 each week to her company's 401(k) plan and has $25 putinto her health savings account (nonqualified) each week. Her employermatches this $25 each week. Determine Whiteweiler's take-home pay ifshe is single and claims 2 allowances (use the wage-bracket method)_ _ _ _ _S
- Monica has a yearly salary of $36,100. Her employer withholds $4320 in state and federal taxes and $3744 in FICA taxes throughout the year. She has the following monthly costs: transportation is $250, cell phone bill is $85, student loans require $260 in repayment, and rent is $500. She is using the average monthly costs for each of the following in order to gain an idea of other monthly expenses: utilities are $150, internet is $105, health insurance is $391, and groceries are $350. What is Monica's monthly net pay amount? Round your answer to the nearest cent, if necessary.Steven takes a full-time position that pays an hourly wage of $32. The job assumes that he will work five 8-hour days a week. The government takes out 6.2% for Social Security, 1.45% for Medicare, and 15% for Federal income tax. Steven will have $80 taken out for health insurance and 6% of his after-tax monthly income taken out for retirement. GAI _________________ GMI _________________ ATM _________________ Total Expenses ________________ Net __________________Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $30 put into her health savings account (nonqualified) each week. Her employer matches this $30 each week. Determine Whiteweiler's take-home pay if she is head of household. Enter deductions beginning with a minus sign (-). Round your calculations and final answers to the nearest cent. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. Click here to access the Wage-Bracket Method Tables. Gross pay $930 HSA contributions -30 401(k) deductions -100 OASDI tax -57.66 HI tax -13.49 FIT Net pay $