Dee is paid $1,345 on November 8, 2015. Dee had cumulative gross earnings, including overtime pay, of
Question:
a. The amount of OASDI taxes to withhold from Dee's pay is ?
b. The amount of HI taxes to withhold from Dee's pay is?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
OASDI Limit for 2015 Social SecurityOld age Survivors and disability insurance Employe...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
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Question Posted:
Students also viewed these Corporate Finance questions
-
Assume that the taxpayers, George A. Warden (social security number 333-33-3330) and Mary S. Warden (social security number 444-44-4440) file a joint return. Both are 50-years old, have good...
-
On July 1, 2015, Penelope gave Peter a gift of stock worth $9,000. Penelope had purchased the stock for $10,000 in 2013. On November 1, 2015, Peter sold the stock to an unrelated party for $8,500....
-
In all of the following problems, use these tax rates and taxable wage: OASDI-6.2% on the first $113,700 HI-1.45% on all taxable wages. Refer to Instruction 3-1. Crow earned $585.15 during the week...
-
In a small country near the Baltic Sea, there are only three commodities: potatoes, meatballs, and jam. Prices have been remarkably stable for the last 50 years or so. Potatoes cost 2 crowns per sack...
-
What is cleavage?
-
Amanda McNall is the corporate controller of Scott Quarry. Scott Quarry operates 12 rock-crushing plants in Scott County, Kentucky, that process huge chunks of limestone rock extracted from...
-
A double acting reciprocating pump has a piston of 250 mm diameter and piston rod of 50 mm diameter, which is on one side of the piston only. Length of piston stroke is 380 mm and the speed of the...
-
Below are the financial statements for two firms, Time Warner and Walt Disney, for 2012 and 2013. a. How did Time Warner's profit margins change from 2012 to 2013? To what would you attribute the...
-
Adapted from Harvard Business Review, May 05, 2020 James DeVaney. Gideon Shimshon, Matthew Rascoff and Jeff Maggioncalda The staggering impact of Covid-19 on education systems around the world is...
-
Complete Keith's tax return including all required schedules and forms using prince edward island as province, using the fillable forms package. Taxpayers Information Taxpayer #1 Name: Keith Dox...
-
An open (from the top) rectangular tank 3 m long, 2.5 m wide and 1.25 m deep is completely filled with water (=1000 kg m-3). If the tank is moved with an acceleration of 1.5m/s2, find the quantity of...
-
United Express, a national package delivery service, charges a base price for overnight delivery of packages weighing 1 pound or less and a surcharge for each additional pound (or fraction thereof)....
-
What is reference pricing, and how is it used by customers? Give an example.
-
Cardel Inc., a VAT taxpayer, operates a coliseum which caters to various athletic and artistic competition or events. During the quarter, Cardel reported receipts from the following events:...
-
October 7 October 8 Sold $1,200 of merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720. Purchased merchandise, $10,000; terms FOB shipping point, 2/15, n/30;...
-
3. On the General server, use vi/vim to create a file called circle.c and enter the following C code: #include int main() { } float radius, area; printf("Enter the radius: "); scanf("%f", &radius);...
-
The goal is to create an 8-bit register from scratch, using only the three basic logic gates (inverting inputs of AND, OR gates is allowed, since this simply adds a NOT gates in front of the...
-
You lend one if your siblings $5000 which they pay back in 10 days. You deposit that money into an account that will earn 4% on so annual basis. What will the money be worth in one year?
-
Show that the graph of the equation r = 2asin , a > 0, is a circle of radius a with center at (0,a) in rectangular coordinates.
-
Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .
-
Calculating Projected Net Income A proposed new investment has projected sales of $740,000. Variable costs are 60 percent of sales, and fixed costs are $173,000; depreciation is $75,000. Prepare a...
-
Calculating OCF Consider the following income statement: Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield? Sales S876,400 Costs 547,300 128,000 Depreciation...
-
OCF from Several Approaches A proposed new project has projected sales of $96,000, costs of $49,000, and depreciation of $4,500. The tax rate is 35 percent. Calculate operating cash flow using the...
-
Victor Korchnoi bought a bond one month before a semi-annual coupon was due. The face value was $10,000 and the coupon rate 8.5%. At the time of purchase there were 34 coupons left and the YTM was 6%...
-
4. Consider a 30-year U.S. Treasury bond paying 4.5 percent coupon, and selling for $1010. What is the yield to maturity? Make sure to show your work. 5. A 30-year U.S. corporate bond with a 6...
-
A project's base case or most likely NPV is $44,000, and assume its probability of occurrence is 50%. Assume the best-case scenario NPV is 65% higher than the base case and assume the worst scenario...
Study smarter with the SolutionInn App