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:
x = 2, x = - 2
Step-by-step explanation:
Step 1:
x² - 4 = 0 Equation
Step 2:
x² = 4 Add 4 on both sides
Step 3:
x = 
Square 4
Answer:
x = 2, x = - 2
Hope This Helps :)
Answer:
8 dollars per hour
Step-by-step explanation:
You make 92 a week
20 of that is from your allowance
92-20 = 72
72 is from your part time job
You work for 3 hours on Friday and 6 hours on Saturday, for a total of 3+6 = 9 hours
Take the amount of money earned and divide by the number of hours to determine the money earned per hour
72/9 = 8 dollars per hour
(X-8)(x+2) is the factored equation. Ur zeros r -2 and 8. So the largest should be 8?
Answer:
k = 36
Step-by-step explanation:
By exterior angle theorem:
