Andres is taxed at a 17% tax rate for his federal taxes. Last year, he reduced his
Question:
Andres is taxed at a 17% tax rate for his federal taxes. Last year, he reduced his taxable income by contributing $350 per biweekly paycheck to his tax-deferred retirement account and $50 per biweekly paycheck to his FSA. How much did he reduce his annual federal taxes by if his gross biweekly pay is $1,870?
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EARNINGS PERIOD WEEKLY - #18 DEDUCTIONS TAX TYPE Social Security Medicare Federal Tax State Tax ADJUSTMENTS ITEM Union Dues Family Health Ins. AMOUNT a. AMOUNT b. d. $322.65 $191.20 AMOUNT f. $23.95 YTD AMOUNT $21,510 YTD AMOUNT C. e. $5,807.70 $3,441.60 YTD AMOUNT $216.00
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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