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:
Pure discount
Explanation:
Cindy is taking a pure discount type of loan. A pure discount loan is the promise to pay a certain sum of money in the future in exchange for borrowing money today. Cindy gets money today and repays a single lump sum at a future date. A pure discount loan is where the principal is paid back at a future date without any periodic interest payments
Answer: $50.81
Explanation:
Simple interest = principal x rate x time
The principal was $1,400
The rate is 6.40% (0.064)
The chart indicates that it is 207 days from April 15 to Nov 8
Therefore the amount of time is (207/365).
Simple interest = principal x rate x time
Simple interest= $1,400 x 0.064 x (207/365)
Simple interest= $50.81
Therefore the penalty is $50.81
Now replay the animation but awareness of the orange arrows' strength that happens each time an orange arrow is launched.
Animation is a method in which figures are manipulated to appear as moving photos. In traditional animation, pix are drawn or painted by way of hand on transparent celluloid sheets to be photographed and exhibited on film. today, maximum animations are made with computer-generated imagery (CGI).
Animation facilitates deepen visible understanding better than traditional diagrams. Animation omits pointless verbiage and visuals. It permits you to talk thoughts quickly and sharply. Animation is a value-saving conversation strategy.
Animation works by means of the use of an optical phantasm. By offering a series of nevertheless images in brief enough succession, the viewer interprets them as a non-stop transferring image. this is the identical principle that permits live motion filmmaking and projection to paintings.
Learn more about Animation here: brainly.com/question/18260878
#SPJ4
