Answer:
a. Weekly Gross pay:
= 9.50 * 20
= $190
b. Federal tax withheld:
= 10% * 190
= $19
c. FICA Tax withheld:
= 5.65% * 190
= $10.74
d. State tax withheld:
= 5% * 190
= $9.50
e. Weekly net pay
= Gross pay - taxes
= 190 - 19 - 10.74 - 9.50
= $150.76
f. Percentage withheld for taxes:
= (19 + 10.74 + 9.50) / 190 * 100%
= 20.7%
I only know the y intercept which is 0,3
The amount of George's income that is subject to withholding is <u>$75,000</u>, which excludes the alimony income.
<h3>What is alimony income?</h3>
Alimony income represents the amount received from a spouse or a former spouse under a divorce or separation instrument.
<h3>What are the incomes subject to withholding?</h3>
The incomes subject to withholding include the following:
- Regular
- Commissions
- Vacation pay
- Reimbursements
- Other expense allowances
- Pensions
- Bonuses
- Dividends
- Gambling winnings.
<h3>Data and Calculations:</h3>
Wages income = $50,000
Gambling winning = $20,000
Alimony income = $10,000
Dividend income = $5,000
Income subject to withholding = $75,000 ($20,000 + $20,000 + $5,000)
Thus, George's income that is subject to withholding is <u>$75,000</u>, excluding the alimony income.
Learn more about withholding tax at brainly.com/question/26781826
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Answer:
$12.54
Step-by-step explanation:
First, you have to apply the sale to the original price. In this case, you would have to multiply 22 and 43% to get $9.46. Now, you have to subtract 9.46 from 22 to get 12.54.
