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
-13>-5x+2>-28 subtract 2 from all expressions
-15>-5x>-30 divide each expression by -5
Be sure to reverse direction of signs when you divide/multiply by a negative value!
3<x<6
So the "graph" will be a infinitely high plane, or area, contained between the two vertical lines x=3 and x=6
1. i think 5 to 9
2. i think 3/8
3. 2.24
4. 164+3.28
hope this helps!
Answer:
<u>x = 49</u>
Step-by-step explanation:
Since the line is parallel, the value of 2x - 8 is equal to 90.
=> 2x - 8 = 90
=> 2x = 98
=> <u>x = 49</u>
Answer:
14,334 actually that might not be the answer im just thinking that because the 4 is in the tenths place and ur rounding that u would make it into a whole number
