Answer:
<em>% is the decrease.</em>
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Step-by-step explanation:
<em>To figure out the percentage decrease, you would first subtract the two numbers. </em>
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<em>Next, you would divide that number by the total.</em>
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<em /><em>% </em><em>would be the decrease percentage. </em>
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:
D. 15/12 and 5/4
Step-by-step explanation:
15/5=3
12/4=3
The fourth one should be the correct answer
Answer:
2
Step-by-step explanation:
Since there are four negative signs, we have -1 multiplying each other 4 times, multiplying by positive 2. This is then 1 * 2, which is 2.
