If you have 13% withheld for federal taxes, 9% for state taxes, and FICA is 7.65%, how

Fantastic news! We've Found the answer you've been seeking!

Question:

If you have 13% withheld for federal taxes, 9% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $2,785.00 and your net income was 1,794.23?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Jun 03, 2023 08:21 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
Monterey Co. makes and sells a single product. The current selling price is $15 per unit. Variable expenses are $9 per unit, and fixed expenses total $27,000 per month. Required: (Unless otherwise...
Which of the particle decays in table 32-4 occur by the weak interaction?
You have been approached by promoters to give an opinion on the financial statements to be included in the prospectus of a proposed corporation to be named U-Park Corporation. U-Park will own and...
Sony owed Estimated Warranty Payable of $$1,000$ at the end of 2009. During 2010, Sony made sales of $$100,000$ and expects product warranties to cost the company 3% of the sales. During 2010,...
You are promoting a rock concert in your area. Each member of your team will invest $10,000 of his or her hard-earned money in this venture. It is April 1 and the concert is scheduled for June 30....
An Australian commercial bank is looking to issue $1 billion of bonds into the wholesale funding markets to fund its ever-increasing demand for credit growth which is fuelling yet another house price...
Medical Testing Labs, Inc., provides routine testing services for blood banks in the Los Angeles area. Tests are supervised by skilled technicians using equipment produced by two leading competitors...
1. A ray of light enters glass (index 1.570) from air at an incident angle of 25. Find the angles of refraction and of deviation. 2. A light ray is directed through air (index 1.000) at a 25 angle of...
In r Given that f(x) = n + 1, what is the absolute maximum value of f?
Transform the ERD in Figure Q3(a)(i) into a logical model. Assignment courseCode assignment Number H weight due Date has Course courseCode courseName isFor enrols Figure Q3(a)(i) Submission student...
What resolution is required to distinguish between CHN3O and C4H3O2? The masses (in Daltons) of selected isotopes and their abundances are given in the table: Isotope 1 12C 14N 160 35Cl 71552 13833...
Consider the following statement: "International trade is more important to the Zambian economy than domestic economic growth." Decide whether you agree or disagree with the statement, and then...
This is our project to introduce new product and i choose watch so tell six question that we will answers in the report that are What do you need to learn about your company and products or services,...
Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Number of orders Units per order Sales returns: Number of returns. Total units...
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
Cedar Corporation has an S corporation election in effect. During the 2012 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2012, the corporation paid...
Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $125 per week for 48 weeks during the current year. a. What is the employer's portion...
Deborah purchases a new $30,000 car in 2012 to use exclusively in her business. If Deborah does not elect to expense or take bonus depreciation in 2012 and holds the car until it is fully...
Franco Company's net income and preferred dividends are $\$ 44,000$ and $\$ 4,000$, respectively, and average total common shareholders' equity is $\$ 384,000$. How much is Franco's return on...
Jackson Auto Glass's accounting records carried the following accounts at January 31,2008. Requirements 1. Journalize all of Jackson's closing entries at January 31, 2008. Use a Jackson, Capital...
A company declares a $5 \%$ stock dividend. The debit to Retained Earnings is an amount equal to the a. stated value of original shares. b. excess of the market price over the original issue price...

If you have 13% withheld for federal taxes, 9% for state taxes, and FICA is 7.65%, how

Question:

Expert Answer:

To calculate the total amount of involuntary withholdings we need to subtract the ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these finance questions