Answer:
Part a: From column 1 of the attached Wage and Tax statement, the gross pay is $34854.
Part b: From column 17 of the attached Wage and Tax statement, she paid $1762.39 in state income tax.
Part c: It should be $2160.95 instead of $2164.44
Part d: It should be $505.38 instead of $467.68
Part e: FICA Tax is $2665.38
Part f: She owes the difference $16.52 to the Federal Tax.
Step-by-step explanation:
As data was missing from the question, the complete question is found online and is attached herewith.
Part a:
From column 1 of the attached Wage and Tax statement, the gross pay is $34854.
Part b:
From column 17 of the attached Wage and Tax statement, she paid $1762.39 in state income tax.
Part c:
For 2012, Social Security Tax is given as 6.2% of the gross pay so
Item 4 should then be
6.2% x Gross Income
6.2% x 34854
.062 * 34854 = 2160.95
It should be $2160.95 instead of $2164.44
Part d
For 2012, Medicare Tax is given as 1.45% of the gross pay so
Item 6 should then be
1.45% x Gross Income
1.45% x 34854
.0145 * 34854 = 505.38
It should be $505.38 instead of $467.68
Part e
FICA tax is given as sum of Social security tax and Medicare taxes. This is given as
FICA Tax=Social Security Tax+Medicare Tax
FICA Tax=$2160+$505.38
FICA Tax=$2665.38
FICA Tax is $2665.38
Part f
From the attached table, with $32104 as the taxable income, as the head of household she owes $4199 in Federal tax.
From the attached wages and tax statement in column 2, she paid $4182.48. Thus she owes the difference $16.52 to the Federal Tax.
