In 2019, Bianca earned a salary of $164,000 from her employer. How much in FICA and Medicare

Question:

In 2019, Bianca earned a salary of $164,000 from her employer. How much in FICA and Medicare taxes will be withheld from Bianca’s salary?

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

Step by Step Answer:

Related Book For answer-question

South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

See More Books

Question Posted: Sep 19, 2019 10:43 AM

See More 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 2017, Bianca earned a salary of $164,000 from her employer. Determine the amount of FICA taxes and Medicare taxes withheld from her 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?
The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
Contrast the materials used to make dies for gravity permanent mold casting and die casting. Why is there a notable difference?
Find the real solutions of each equation. 1 (x - 1)2 1 x-1 = 12
Jerome M. Eisenberg is an antiquities dealer and a self-proclaimed expert in classical antiquities with a doctorate in Roman, Egyptian, and Near Eastern art. Maurice E. Hall Jr. is an art dealer who...
Glendo Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2014. 1. Sales: quarter 1,...
I hired a carpenter and an apprentice to do some work at my business. They worked two days. On the first day I was billed $210 for 11 hours of work by the main carpenter and for 7 hours of work by...
Selected information is provided for Tiny Bubbles Bath Company: Calculate ROE from 2013 to 2015 and evaluate whether you think this company's ROE growth is sustainable. 2014 2015 2013 Sales Assets...
Santiago and Amy are married and file a joint tax return. They have three children, ages 12, 14, and 18. All parties are U.S. citizens. Their AGI is $140,000. Determine any available child tax credit...
Determine the appropriate amount of 2019 additional Medicare tax for Mario, a single individual. His wages total $440,000.
Explain why the insurance industry is regulated.
Kaynes Company provides new subscription services to TV shows and movies. In order to subscribe this service, customers need to pay for a year in advance. As of January 1, 2020, the company receives...
Explain how data/big data is being used in First National Bank and how this data is leveraged to solve problems or create opportunities for the business. Contrast FNB to Facebook and highlight any...
Bargain Merchandisers has the following transactions for the month of July. Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Revenue Calculate Gross Profit. $410,000 310,000 80,000...
John just moved out of state and, in doing so, had to take a salary cut. At his previous job, his annual salary was $47,000 and his monthly expenses included a $850 rent payment, a $325 car payment,...
Consider an import tariff removed by a large country (trade liberalization) under perfectly comparative market. As import tariffs are removed in short run what will you observe.?
The partnership of Telliher, Bachra, and Lang has experienced operating losses for three consecutive years. The partners, who have shared profits and losses in the ratio of Thea Telliher, 60 percent,...
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $40,000 of net active income, $15,000 of portfolio income, and a $45,000 loss from a passive activity. Compute...
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $40,000 of net active income, $15,000 of portfolio income, and a $45,000 loss from a passive activity. Compute...
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...
Splish Brunch Foods is considering the following mutually exclusive projects. Assuming the company uses a 10% discount rate and the chain replication approach, which project should be accepted? (Do...
Let a, m, n Z{0} with (m, n) = 1. Show that (a, mn) = (a, m)(a, n).
How do cultural hybridization and syncretism occur through processes of cultural exchange, migration, and diaspora, and what are the implications for notions of cultural authenticity and purity?

In 2019, Bianca earned a salary of $164,000 from her employer. How much in FICA and Medicare

Question:

Step by Step Answer:

Biancas FICA tax is 823980 62 ...View the full answer

South-Western Federal Taxation 2020 Comprehensive

Students also viewed these Business questions