Answer:
Total deduction 2,443.21
Explanation:
8,288
x 6.20% Sccial Security 513.856
x 1.45% Medicate 120.176
x 6.20% FUTA&SUTA (for 7,000) 434
Income tax witheld 1,375.17
Total deduction 2,443.21
We will multiply his taxable wages for period by the tax rate.
We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288
Answer:
$26,200
Explanation:
Current gain = Fair market value of the property - Basis of qualified property = $26,200 - $21,833 = $4367. Thus, the amount of Grady current gain is $4,367
We now determine the basis that Gredy takes for the share of Eadie stock
Basis = Original basis of qualified property + Current gain
Basis = $21,833 + $4,367
Basis = $26,200
Thus, basis that Gredy takes for the share of Eadie stock is $26,200
Hello there ☺️,
<em>Please check the attached image of the answer. </em>
<em>By </em><em>Benjemin</em> ☺️
Answer:
Given:
On January 2, 2016:
Issued 15,000 shares of $10 par value
Common stock for $15 per share
On March 1, 2016: Alpha reacquired 1,000 of these shares when they were trading $20 each.
On September 1, 2016: Alpha reissued 500 shares of treasury stock at the going market rate of $25 per share.
I believe the answer is: <span>decrease/decrease
two facts about 401k are:
- It directly deducted from the amount of salary that you receive from your workplace, which would reduce your take home pay.
- The tax rate that you should pay is multiplied by your net income. When your income is deducted through 401k, the amount of your net income would be reduced along with your tax payment.
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