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QveST [7]
2 years ago
11

Linda earns $83,000 per year as an employee. How much will she pay this year in Social Security taxes

Business
1 answer:
KatRina [158]2 years ago
7 0

Answer: b.$5,146.00

Explanation:

Social security tax rate is 6.20%, you would multiply $83,000 by 0.062 to get a total of $5,146

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3 years ago
Suppose that your monthly net income is $2,540. Your monthly debt payments include your student loan payment and a gas credit ca
ira [324]

Answer: 30%

Explanation:

We should note that debt payments-to-income ratio is calculated as:

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Find the after-tax return to a corporation that buys a share of preferred stock at $47, sells it at year-end at $47, and receive
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Answer:

5.80%

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Computation of after-tax return

Based on the information given the total before-tax income will be $3.

Since the firm is in the 30% tax bracket this means that the taxable income will be calculated as:

Taxable income =(0.30 ×$3)

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The last step is to find the After-tax rate of return using this formula

After-tax rate of return =After-tax income/Share of preferred stock

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