Question: Answer selected is incorrect . Please explain correct answer X Your answer is incorrect. Kate received $140,000 in salary in 2019. What is her FICA

Answer selected is incorrect . Please explain correct answer

X Your answer is incorrect. Kate received $140,000 in salary in 2019. What is her FICA tax if the Medicare rate is 1.45% and the Social Security rate is 6.2% on a maximum of $132,900 in 2019? O $10,270 $10,710 O $10,167 O $10,607

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hi, could you please help me solve this? Thank you so much. Chester, Inc. Trial Balances for years ending December 31, 2013, 2014, and 2015 Account Description Cash on Hand Regular Checking Account...

Please help me correct chap 4 red X marks . Note: This problem is for the 2019 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak...

Using the information provided in the chapter background and gathered from the exercise on CS2-15, Complete the following: a. Perform a risk assessment of BUS?s growth-related change initiatives,...

Please note that the weekly amounts and the year-to-date amounts should be considered SEPARATE mistakes, not one big mistake. IMPORTANT: YOU MUST SHOW YOUR ENTIRE CALCULATIONS WHEN CORRECTING THE...

Instructions Note: This problem is for the 2019 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's...

Super stuck on a couple of questions on this scenario. Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri-...

Note: This problem is for the 2018 tax year Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6789 and 111-11- 1112, respectively....

Figure 3.8 During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied below,...

Probability and Statistics - Problem Set c Keith M. Chugg October 2, 2015 1 Preliminaries, Combinatorics, Set Probability 1.1. A number of bats are in a cave. 2 bats can see out of their left eye. 3...

How many enzymes are involved in mammalian pyruvate dehydrogenase? What are their functions?

What type of research design would you recommend in the situations below? For each applied market research project, what might be an example of a "deliverable"? Which do you think would involve...

Exactly four years ago, AAA Corporation issued 2 0 - year bonds with a $ 1 , 0 0 0 face value. These bonds pay 9 % annual coupon paid semi - annually. The bonds currently sell for $ 9 5 5 . Due to...

Critical infrastructure facilities such as utilities and hospitals are which partners responsibility? A . Private sector B . Local government C . State government D . Federal government

identify and define industry-standard communication design tools and their uses in the creative domains.

19. What effect do you want to have on them? (what feelings should they have)

11. What is their background in relationship to the topic. (what they have experienced so far)