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:
Step-by-step explanation:
Do not confuse the GCF with the Least Common Denominator (LCD) which is the smallest expression that all terms go into, rather than the greatest number
Distribute on the left
3x-15=7x
Subtract 3x from both sides
-15= 4x
Divide both sides by 4
-15/4= x
Final answer: x=-15/4 or -3.75
If two figures are similar, the ratio of their corresponding sides are equal
Let us take the ratio of the radius to the height of the given cylinder. This gives us,
In the simplest form, we have,
Let us now find out which of the cylinders in the option has the same ratio,
For option A,
In the simplest form, we have,
For option B,
In the simplest form, we have,
For option C,
In the simplest form, we have,
For option D,
In the simplest form, we have,
<h2>
Hence the correct answer is B</h2>
N+2=5
-2. -2
answer would be n=3.
