In 2017, Bianca earned a salary of $164,000 from her employer. Determine the amount of FICA taxes
Question:
In 2017, Bianca earned a salary of $164,000 from her employer. Determine the amount of FICA taxes and Medicare taxes withheld from her salary.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Biancas FICA tax is 788640 62 ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Question Posted:
Students also viewed these Business questions
-
In 2016, Bianca earned a salary of $164,000 from her employer. Determine the amount of FICA taxes and Medicare taxes withheld from her salary.
-
In 2015, Bianca earned a salary of $164,000 from her employer, CallMart. How much in FICA and Medicare taxes will CallMart withhold from Bianca's salary?
-
Bianca earned a salary of $164,000 from her employer, CallMart. How much in FICA and Medicare taxes will CallMart withhold from Biancas salary?
-
Calculate the anion gap for a 58 year old insulin dependent diabetic woman who is admitted to the emergency room in a comatose state Na-135mmol/L K= 3.5 mmol/L CI-102 mmol/L HCO3-= 15mmol/L. Include...
-
Describe increasing annuities. Specify i, n, R, and F. 1. If, at the end of each month, $100 is deposited into a savings account paying 2.1% interest compounded monthly, the balance after 10 years...
-
A car was purchased for $1500 down and payments of $265 at the end of each month for four years. Interest is 9% compounded quarterly. (a) What was the purchase price of the car? (b) How much interest...
-
According to Einstein's theory of relativity, light should bend when it passes through a gravitational field. This was first tested experimentally in 1919 when photographs were taken of stars near...
-
How has globalization impacted the transportation managers job?
-
2. How many bits are required to address a 2K x 8 main memory if a) Main memory is byte-addressable? b) Main memory is word-addressable?
-
Tami Tyler opened Tamis Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms....
-
Determine the additional Medicare taxes for these individuals. a. Mario, who is single, earns wages of $440,000 in 2017. b. George and Shirley are married and file a joint return in 2017. During the...
-
Polly and her husband, Leo, file a joint return and expect to report AGI of $75,000 in 2017. Pollys employer offers a child and dependent care reimbursement plan that allows up to $5,000 of...
-
What does Earths tilt have to do with the change of seasons?
-
4. Suppose that you want to save up $2,000 for a semester aboard two years from now. How much do you have to put away each month in a savings account that earn 2% interest compounded monthly?
-
In what ways can the trade-off of Risk-Return influence organization and individual investment decisions?
-
Vaughn Manufacturing is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6310000 on March 1, $5300000 on June 1, and $8250000 on December...
-
Two capacitors, C = 24.0 F and C = 42.0 F, are connected in series, and a 9.0-V battery is connected across them. (a) Find the equivalent capacitance, and the energy contained in this equivalent...
-
= 3. A stock S(0) 100 will go up to 105 or down to 95 in one time step (time T). Suppose eT = 1.025. What is the present value of a put option with strike K = 99 and expiry T?
-
On the moon, a feather will fall to the ground at the same rate as a heavy stone. Suppose a feather is dropped from a height of 40 m above the surface of the moon. Then its height s (in meters) above...
-
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
-
In two unrelated transactions, Laura exchanges property that qualifies for like-kind exchange treatment. In the first exchange, Laura gives up office equipment purchased in May 2014 (adjusted basis...
-
Mitchell, a calendar year taxpayer, is the sole proprietor of a fast-food restaurant. His adjusted basis for the building and the related land is $450,000. On March 4, 2016, state authorities notify...
-
Edith's warehouse (adjusted basis of $450,000) is destroyed by a hurricane in October 2016. Edith, a calendar year taxpayer, receives insurance proceeds of $525,000 in January 2017. Calculate Edith's...
-
Novak Corporation's statement of financial position as at December 31, 2023, showed the following amounts: Cash $140; Accounts Receivable $610; Land $1,050; Accounts Payable $430; Bonds Payable $470;...
-
Submit a brief summary of this case study 'Arcelor and the global steel industry' found on pages 484-501. This a brief section often read by executives or people who want a quick read on your...
-
The following cost data pertain to the operations of Montgomery Department Stores, Incorporated, for the month of July. Corporate legal office salaries $ 6 2 , 2 0 0 Apparel Department cost of sales...
Study smarter with the SolutionInn App