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=0
Step-by-step explanation:
2x+4(-8x)=0
2x+-32x=0
-30x=0
x=0
Y-10=2x -16
2x-y = -16+10
2x - y = - 6 ( ax + by = c )
Answer:
Step-by-step explanation:
Let the numbers are 2x and 2x + 2.
<u>We have:</u>
- (2x + 2x + 2)² = (2x)² + (2x + 2)² + 48
- 4(2x + 1)² = 4x² + 4(x + 1)² + 48
- (2x + 1)² = x² + (x + 1)² + 12
- 4x² + 4x + 1 = x² + x² + 2x + 1 + 12
- 2x² + 2x - 12 = 0
- x² + x - 6 = 0
- (x - 2)(x + 3) = 0
- x = 2, x = -3
<u>The numbers are:</u>
Answer:
Missing Number) 55
Property being used) Distributive
Step-by-step explanation:
To find the missing number, just plug in reasonable numbers from the other equation. It is distributive because the 55 is being distributed into everything that is inside the parentheses. If you need more help, comment and I'll be more than glad to assist you! :P
