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:
a=1
Step-by-step explanation:
Subtract 9 on both sides
Subtract 3a on both sides
Then divide both sides by 3
Answer:
5/13
five blue marbles, but one blue removed thus 5/13
Step-by-step explanation:
Answer:
D, E and F
calculating the volume of regular bodies like prims works by multiplication alone.
you need some addition for surface area and for more complicated bodies that when the volume can't be calculated in one step
SOLUTION
Given the question in the image, the following are the solution steps to answer the question
STEP 1: Write the given details
STEP 2: Get the number of students that takes the subjects only
From the basic stuff, we have Number of candidates who had taken only each of the subjects
STEP 3: Represent the values above on a Venn Diagram after getting the values
STEP 4: Find the total number of candidate that sat for the exam.
Hence, the total number of candidates that sat for the exam is 276
