Answer:
Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6
Explanation:
The FICA tax is 7.65% for employees wages upto 128,000 and 1.45 % in excess of $ 128,000
Suppose the FICA tax rate is 7.65 % and her monthly salary is $ 7,700*2= $15,400
Her yearly salary is $15,400* 12= $ 184,800 which is above $ 128,000
So the Fica Tax would be = 128,000 * 7.65%= $ 9792
And 1.45 % 0f (184,800- 128,00)$ 56,800= $ 823.60
Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6
Answer: The correct answer is "3. the TRIPS Agreement.".
Explanation: Browser Lite has the most copyright protection under the TRIPS Agreement because the Agreement on Trade-Related Aspects of Intellectual Property Rights established a series of basic principles on intellectual property tending to harmonize these systems between the signatory countries and in relation to world trade.
Answer:
Step 1: Calculate FICA (OASDI & HI):
Total wage subjected to FICA is $930. Why? Contributions to 401K is only exempted from Fed. Income Tax Withholding (FIT) not FICA. As for HSA contrib., it is exempted for both FICA and FIT. However, the plan is non-qualified, which means that $25 contributed by employee is taxable for both. The $25 matching from employer for HSA is excluded from income and income taxes.
OASDI RATE 2012: 4.2% of $930; therefore, $39.06
HI RATE 2012: 1.45% of $930; therefore, $13.49
TOTAL FICA TAX: $52.55
STEP 2: Calculate FIT:
Total earnings subjected to FIT is ($930-100)= $830. Why? $100 contributions to 401k is exempted from FIT. HSA contrib. is unqualified.; therefore, contributions from employee is taxable. Using Wage Bracket Method 2012, the FIT is $89.
STEP 3: Getting the Take-Home Pay answer:
($930-100(401k))-25(HSA:Employee)-$52.55(FICA)-89(FIT)=$663.45
Explanation:
Answer:
D). Regardless of what Oceanic knew or could have discovered
