1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Illusion [34]
3 years ago
9

If a taxpayer does not have enough taxes withdrawn from her paychecks throughout the year to equal the total tax she is required

to pay that year, she will owe the government the remaining balance. On the other hand, if the taxpayer has more money withheld for taxes than she is required to pay that year, she will receive a refund for the difference.Mary has determined that, based on her annual income of $36,000, her federal income tax for the year is $5,424. Mary gets paid on a bi-weekly basis, giving her 26 paychecks throughout the 52 week year.What is the minimum amount Mary must have withheld from each of her 26 bi-weekly paychecks in order to avoid owing the federal government at the end of the year
Business
2 answers:
polet [3.4K]3 years ago
6 0

Answer:

$209

Explanation:

Since Mary's estimated annual income taxes are $5,424, then to determine the amount that should be withheld every two weeks, all we need to do is divide her total estimated taxes by 26 weeks = $5,424 / 26 weeks = $208.62 ≈ $209. generally you do not include cents in tax filings or payments, you need to round up or down. In this case you need to round up, even software rounds the amounts to the nearest dollar.  

Strike441 [17]3 years ago
5 0

Answer:

B) 208.62

Explanation:

You might be interested in
On January 1, 2021, Blossom Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease calle
andrew-mc [135]

Answer:

the interest expense os $99,317 and the depreciation expense of $82,764

Explanation:

The computation of the interest expense and the depreciation expense is given below:

Interest expense is

= Present value × effective interest rate

= $1,241,466 × 8%

= $99,317

And, the depreciation expense is

= Present value ÷ estimated life

= $1,241,466 ÷ 15 years

=  $82,764

Hence, the interest expense os $99,317 and the depreciation expense of $82,764

This is the answer but the same is not provided in the given options

5 0
3 years ago
A firm just paid its annual dividend of $1.80 and expects to increase that dividend each year. The discount rate is 11 percent.
Digiron [165]

Answer:

d. Po = $1.80/(0.11 -0.025); The value of D1, is incorrect as $1.80 equals Do.

Explanation:

Calculation to correctly identifies which one of these is an error when computing the current value of this firm's stock

P0 = $1.80/(0.11 - 0.025)

P0 = $1.80/0.085

P0=$9.76

Therefore Based on the information given Po = $1.80/(0.11 -0.025); because The value of D1, is INCORRECT as $1.80 equals Do.

8 0
2 years ago
A seller must warn those who purchase its product of the harm that can result from the foreseeable misuse of the product.
saw5 [17]
Absolutely true. if someone misuses it and gets hurt because you didn't have any warnings, you have a lawsuit you'll probably lose.
6 0
3 years ago
Read 2 more answers
True or false: In retailing, "product" and "merchandise" are used interchangeably.
ss7ja [257]
False I believe goodluck
7 0
3 years ago
Read 2 more answers
The amount of federal income taxes withheld from an employee's paycheck is determined by:_____.
gladu [14]

The amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Amount of federal income tax taken from an employee's gross pay by their employer; the amount withdrawn depends on the employee's gross pay, the pay period, and the number of allowances they claim on their W-4 form.

Your answers on Form W-4, the Employee's Withholding Certificate, determine the amount of tax withheld from your salary by your employer.

When you file your annual income taxes, the more properly you fill it out, the less you will owe (or be owed).

You can modify your withholding using the new Form W-4 depending on specific personal circumstances, such as taking a second job.

Additionally, you can strategically complete the form to either assure that you pay no additional taxes or that you'll get a refund to come tax season.

Hence, the amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Learn more about tax:

brainly.com/question/25783927

#SPJ1

8 0
2 years ago
Other questions:
  • Most countries operate under a(n) ________ exchange rate system
    6·1 answer
  • Because Mei-ling has had such a successful first few months, she is considering other opportunities to develop her business. One
    10·1 answer
  • Which investment has the least liquidity? mutual fund house checking account corporation Mark this and return Save and Exit Next
    12·2 answers
  • Imagine that you are the manager of valley skateboard shop. the accountant for the business has delivered the news that sales ar
    13·1 answer
  • In converting net income to net cash provided (used) by operating activities, under the indirect method:
    10·1 answer
  • If I am at school in my classroom eating a red apple around 4 girls and 3 boys what color is my underwear.
    6·2 answers
  • 73 points I will give if you like and comment 73 points
    6·2 answers
  • What was the only thing Amazon sold when it first opened 25 years ago
    14·2 answers
  • What is the ultimate purpose of the microfoundations program?
    10·1 answer
  • You have decided that you want to be a millionaire when you retire in 45 years. a. If you can earn an annual return of 11.4 perc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!