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:
Step-by-step explanation:
In ΔJOY and ΔLAF,
If ∠O ≅ ∠J
And 
Then ΔJOY ~ ΔLAF
By SAS property of similarity of two triangles.
(If two corresponding sides of the triangles are proportional and angles between these sides are equal)
Answer:
For part A
10.08x=y
Step-by-step explanation:
252/25=10.08
x=number of hours=25
y=how much earned=252
10.08(25)=252
Answer:
Expected value would be $ 0.896
Step-by-step explanation:
Given,
The price of the lottery ticket = $44800000,
Also, the probability of winning the grand prize = .000000020,
Thus, the expected value of the lottery ticket = value of the lottery ticket × probability of getting the lottery ticket
= 44800000 × .000000020
= $0.896
Note : value of lottery ticket = prize amount - cost of each ticket,
Here the cost price of a ticket is not given,
That's why we did not consider it.
Answer:
(x−3)(x−5)
Step-by-step explanation:
Let's factor x2−8x+15
x2−8x+15
The middle number is -8 and the last number is 15.
Factoring means we want something like
(x+_)(x+_)
Which numbers go in the blanks?
We need two numbers that...
Add together to get -8
Multiply together to get 15
Can you think of the two numbers?
Try -3 and -5:
-3+-5 = -8
-3*-5 = 15
Fill in the blanks in
(x+_)(x+_)
with -3 and -5 to get...
(x-3)(x-5)
