Erica earned $128,800 during 2017. How much will her employer withhold from her, in total, for FICA
Question:
Erica earned $128,800 during 2017. How much will her employer withhold from her, in total, for FICA taxes?
a. $9,069.60.
b. $9,214.60.
c. $9,741.00.
d. $9,754.00.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
d 975400 Social Security tax cal...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
Question Posted:
Students also viewed these Business questions
-
Collette is an employee of Dynamex Industries Inc. and earned $51 000 in 2017. How much will her employer deduct in CPP contributions based on an employee contribution rate of 4.95 percent? The YMPE...
-
Multiple choice Questions 1. Employees claim withholding allowances on Form W-4. Each withholding allowance claimed lowers their annual withholding base by what amount for calendar year 2014? a....
-
1. Employees claim withholding allowances on Form W-4. Each withholding allowance claimed lowers their annual withholding base by what amount for calendar year 2015? a. $3,850. b. $3,900. c. $3,950....
-
Dylan Flaherty, marketing clerk for TipTop Marketing Agency, recorded the following information for last year: He would like to be able to estimate customer service costs using the number of...
-
If two or more events have the property that at least one of them must occur when the experiment is performed, the events are said to be ____________.
-
The density and specific heat of a particular material are known (p = 1200 kg/m 3 c p = 1250 J/kg K), but its thermal conductivity is unknown. To determine the thermal conductivity, a long...
-
What is meant by the concept litigation plan?
-
Superior Co. manufactures automobile parts for sale to the major U.S. automakers. Superior's internal audit staff is to review the internal controls over machinery and equipment and make...
-
Motor Corp. manufactures machine parts for boat engines. The CEO, James Hamilton, is considering an offer from a subcontractor who would provide 3,000 units of product AB100 for Hamilton at a price...
-
On the night of February 27, 2012, certain records of the Genmo Corporation were accidentally destroyed by fire. Two days after that, the principal owner had an appointment with an investor to...
-
Would you expect nitrous acid to induce a higher frequency of Tyr Ser or Tyr Cys substitutions? Why?
-
Adenike has two jobs and earned $ 110,000 from her first job and $20,000 from her second job. How much total FICA taxes will Adenike have withheld from her wages from working two jobs? a. $9,730.80....
-
A certain nonmagnetic material has the material constants ' r = 2 and "/' = 4 10 4 at = 1.5 Grad/s. Find the distance a uniform plane wave can propagate through the material before (a) It is...
-
Name some characteristics that allow you to observe light diffraction.
-
TEST stored in Countries, perform a square-root transformation on per capita GDP and develop different regression models by using per capita GDP, square-root of per capita GDP, and population growth...
-
Which wavelength of electromagnetic radiation do you expect to be diffracted by a window screen? What is the frequency of this radiation?
-
What is the smallest amount of \((a)\) momentum and (b) energy that can be delivered using red light for which \(\lambda=700 \mathrm{~nm}\) ?
-
In Problem 14.5, you used displacement and maximum speed to predict power output of cars (stored in Cars ). Use the results from that problem, compute the coefficient of partial determination, \(r_{Y...
-
Determine the intervals on which the following functions have an inverse. f(x) = x 3 - 3x 2
-
A handrail, which weighs 120 N and is 1.8 m long. was mounted to a wall adjacent to a small set of steps (Figure P4.26). The support at A has broken, and the rail has fallen about the loose bolt at 8...
-
USA Corporation hired Jesse to install a computer system for the company and paid him $8,000 for the work. USA soon realized that there were problems with the system and asked Jesse to refund the...
-
Bart and Kesha, who are in the 39.6% tax bracket, are interested in reducing their taxes. They are currently considering several alternatives. For each, indicate how much tax, if any, they would...
-
Ken and Lynn paid $5,000 to purchase Series EE bonds in the name of their 11-year-old son. The son has no other income, and they are in the 28% tax bracket. The taxable interest this year will be...
-
Curl Up & Dye, Inc. began May with $200 of supplies. It purchased $830 of supplies on account during May. It paid $440 of the amount it owed for its supplies in May. At May 31, it only had $200 of...
-
Where do traditional Waterfall approaches work effectively? Detailed explanations and site examples.
-
The accounting records for a restaurant indicate that food sales were $18,000, food used was $5,800, and employee meals at cost were $50. What is the cost of sales?
Study smarter with the SolutionInn App