The amount that Tonja will save in Federal Income and FICA Taxes if she has her childcare expenses deducted from her check before taxes is: $26.17
<h3>What is Federal Income Tax?</h3>
Federal Income Tax is a tax that is levied by the Federal Government and most states in the United States of America. It comprises of 7 tax rates.
<h3>What is FICA Tax?</h3>
FICA Tax is a Federal Insurance Contributions Act Tax. This tax is levied on every payroll of employees to fund Social Security and Medicare programs. This is divided into two parts:
- Social Security Tax which is 6.2% and
- Medicare Tax which is 1.45%. The total is 7.65%
How to calculate Tonja's Tax before deduction
Federal Tax rate first level is 10% on 0$ - $19,900.
1) Hence, the first tax is 10% on $600, which is $60
2) The next tax is FICA. This is applied to the Gross Pay of $600.
Applying both taxed under FICA we have 7.65% * $600 = $45.9
Total Tax before a deduction is:
$60 + $45.9 = $105.6
The Tax Payable if childcare expenses is deducted first will be:
10% on $450 = $45
7.65% on $450 = $34.43
Total = $79.43
Hence the tax savings will be:
105.6 - 79.43 = $26.17
Learn more about FICA Tax at:
brainly.com/question/3214345
Answer:
Yes
Step-by-step explanation:
The distributive property states that a(b+c) = ab+ac. Working out the first equation, we see that 3(y+1) is 3y+3. Because the second equation is 3y+3, they are also equal.
Your answer would be 1, or 72+25.
What is happening in this case is a negative number is being subtracted from a positive. This means you are taking away a negative. The two negatives cancel each other out, and then it becomes you are adding a positive.
Another way I like to think about this is the two minus symbols combine together to form a plus sign.
Hope this helped!
Answer:
162°
Step-by-step explanation:
a circle has 360°, or the angle of a whole circle is that
so 45% of 360 =
0.45 times 360 = 162
Okay, so here, we know that -10 is the slope, therefore, it is also the constant of proportionality.
'x' is the unknown value, that tells us to multiply by -10.
So, on a graph, we would consider that per unit, it would decrease by -10, since its a negative slope.
Hope I helped, if you have further questions or concerns, feel free to PM me. Thanks! :D
