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
For the equation,
y = 1/2(x+3)^2 -5
The vertice is (-3,-5). Therefore the axis of symmetry is X = -3.
100 centimeter in a meter
100*1=100
Answer:
1 1/3
Step-by-step explanation:
Solve. Change the division sign into a multiplication, and flip the second fraction:
(8/15)/(2/5) = (8/15) x (5/2)
Multiply across:
(8 x 5)/(15 x 2) = (40)/(30)
Simplify. Divide common factors:
(40/30)/(10/10) = 4/3
4/3 or 1 1/3 is your answer.
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The answer is 3 pens and 4 pencils. Hope this helps
