Question: What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $ 3 , 1 6 0 .

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,160.00, If she has already earned $44,560.00 this year? (Social security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross

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!

Q:

1. Naomi received weekly wages of $1,255.00. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables from your text? 2....

Q:

Question 12 Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was $690.41, use the exact interest method to find the amount of principal you borrowed. (Round to...

Q:

1. What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960, if she has already earned $42,560 this year? (Social security tax is 6.2% of...

Q:

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960, if she has already earned $42,560 this year? (Social security tax is 6.2% of...

Q:

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960.00, if she has already earned $42,560.00 this year? (Social security tax is 6.2%...

Q:

3 Chapter 8-9 What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3.960.00, if she has already earned $42.560.00 this year? (Social...

Q:

not sure what the answer is... Multiple Choice and short answer Please select the correct answer for the multiple choice questions. Type in your answer for the short answer questions 1) What will be...

Q:

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960, if she has already earned $42,560 this year? (Social security tax is 6.2% of...

Q:

What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,360.00, if she has already earned $44,560.00 this year? (Social security tax is 6.2%...

Q:

What will be the total deduction for social security and Medicare taxes Michael Smiths next semimonthly paycheck of $3,960.00, if he has already earned $42,560.00 this year? (Social security tax is...

Q:

The GO transportation system of buses and commuter trains operates on the honor system. Train travelers are expected to buy their tickets before boarding the train. Only a small number of people will...

Q:

Among the eight cars that a dealer has in his show-room, Car 1 is new And has air- conditioning, power steering, And bucket seats; Car 2 is one year old And has air-conditioning, but neither power...

Q:

Ratios that measure operations efficiency include: EPS and PER. food cost percentage and labor cost percentage. return on equity and profit margin. all of the above.

Q:

Total pollution control cost functions for two firms are given respectively, as TC _ 1 = 4 0 + 2 4 ( q _ 1 ) ^ 2 TC _ 2 = 4 0 + 8 ( q _ 2 ) ^ 2 where q _ 1 and q _ 2 are the amounts of emission...