# If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with \$989.50 a month in take-home pay, then the amount you

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1. ## Social Studies 8

1. for the additional green spaces to be considered public services, what must be true? A. The local government uses tax money to create them B. a national business provides funding for some of the spaces C. people who purchased season passes to the spaces

2. ## Math

Alicia’s gross monthly pay is \$1,700. Alicia pays 10.5% of her monthly income in federal withholding. How much federal withholding does she pay? A \$10.50 B \$17.00 C \$161.90 D \$178.50 My Answer: C

3. ## Economics

VERY HARD PLEASE HELP Kristin lives in Alaska. Ben lives in Rhode Island. They each drive a car with a 12-gallon fuel tank. When Kristin fills her empty gas tank in Alaska, she has to pay a federal gasoline tax of \$.18 (or 18 cents) per gallon, plus a

4. ## Economics

The assessed value of Patty's residential property was \$200,000 in 2004. In 2006, the assessed value increased to \$225,000. The property tax rate in both years was 1.2 percent. Patty earned \$60,000 each year. Determine Patty’s property taxes for 2004 by

5. ## Math

William earns \$13,644.80 per year, and has his federal taxes withheld from each weekly check. In addition, a total of \$53.60 is deducted from each check for Social Security and Medicare. How much is his net pay for each weekly check?

6. ## personal finance

A. The amount of an employee's income that an employer sends directly to the federal, state, or local tax authority B. Taxes, insurance, and saving plans deducted from a paycheck C. Provides a summary of the payroll information for each pay period D.

7. ## Social Studies Help PLEASE CHECK!!

The citizens of a small city have been eager to see more green space in their environment. There are several abandoned lots that activists think could be turned into community gardens or parks for people to freely enjoy. Use the passage to answer the

8. ## Mathematics

An employee at a homemade wooden toy store earned \$860 over the past week. The employee needs to pay 14% for Federal Income Tax and 3% for State Income Tax, both on the initial amount he earned. How much will the employee earn after paying both taxes?

9. ## Math

Calculate S(17) for the geometric series 256 - 128 + 64 - 32 + ... using the finite geometric sum formula. Round your answer to three decimal places. 170.668 0.004 511.996 168,151.254 Find a(5) for the geometric sequence in which S(6) = 63 and the common

10. ## math

Simon's monthly take home pay (after taxes) is 2500.if he pays 21% of his gross pay(before taxes) in taxes. what is the gross pay?

11. ## Social studies-Unit 6 :building on Economics Basic

2. What is one source of revenue for the federal government to pay for public goods and services? A - property taxes B- sales taxes C- income taxes D- excise taxes I think it's c ! 3. What is one the things the federal reserve system does? A- set income

Find the annual amount of FICA at a 7.51% rate by computing his annual salary. Sam Takagi Weekly salary: \$435.16 Not self-employed Find the annual amount of FICA by computing his annual salary. \$169,938.68 \$16,993.87 \$1,699.39 2. Find the annual amount of

13. ## Economics

Mallory's total income last year was \$24,000, but she could deduct \$12,000 for various reasons. Her taxable income equals the amount left over after deductions. If she had to pay 15 percent of her taxable income in federal income tax, which you can

14. ## Accounting

Using the data in situation a of Exercise 11-6, prepare the employer’s September 30 journal entries to record (1) salary expense and its related payroll liabilities for this employee and (2) the employer’s payroll taxes expense and its related

15. ## SS

Which of these is a source of only federal tax revenue payroll taxes? A. Payroll taxes B. Property taxes C. Sales taxes D. Income taxes I think it could be A, I don't really know.

16. ## math

Mike and Teresa Garza have a monthly gross income of \$5,000, but they pay \$1,000 per month in taxes. They also pay \$2,000 per month in various loan payments. What is their debt service ratio?

17. ## math

US Airways has a net income of \$60,000 before taxes. It's expected that 45% of the net income will go federal and state taxes. How much will US Airways have left?

18. ## accounting

An employee earns \$40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled \$58,000. Assume further that the social

19. ## SS

Suppose that people in your community voted to eliminate all taxes. Which of these goods and services would most likely disappear? A. interstate highway maintenance B. neighborhood trash pickup C. regional military base D. grocery store parking lots B What

20. ## Algebra

A salespersons monthly income depends on the amount of her sales. Her monthly income of salary of \$1300 plus 14% of her monthly sales. Write a linear equation for her monthly income for sales of x dollars (I=mx+b)

21. ## Economics

Your pay stub deducts money for FICA. What does this mean? A. Money is being withheld for personal exemptions and deductions. B. Money is being withheld for excise and estate taxes. C. Money is being withheld to fund Social Security and Medicare. D. Money

22. ## math

The deductions from Jennifer Miller’s monthly pay are federal income tax (FIT) of \$87, state income tax (SIT) of 2.5% of gross, city income tax (CIT) of 1.2% of gross, Social Security, and Medicare.Her monthly next pay is \$3,981.22. Find Jennifer’s

23. ## Economics

1) In which of the following situations would someone have to pay a gift tax? A. A relative dies and leaves you \$13,000 in the will. B. Your cousin gives you a car worth \$1,700. C. Your grandmother gives you \$13,000 toward college.

24. ## Math/Finance

Julia earns gross monthly pay of \$3300. Of her paycheck, 25% is withheld for deductions, which means that 75% is net earnings. If she pays \$300 for utilities, what percentage of her net earnings is used to pay her utility bills? Answer choices have been

25. ## Civics

What is the major difference between the revenues and expenditures of state and local governments and the revenues and expenditures of the federal government? A. Unlike state and local governments, the federal government does not receive payroll taxes and

26. ## ECONOMICS

Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in

27. ## math

Lucy earns \$326.87 each week. The federal government withholds 18% of that for federal income tax. How much is withheld from her pay annually for federal income tax?

28. ## social studies

1) What is one source of revenue for the federal government to pay for public goods and services? a. Sales taxes b. Excise taxes c. Income taxes ** d. Property taxes

29. ## introduction to finance

mary watson is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned \$45,000 as a sales assistant for focused business analytics: \$3,910 of her wages was withheld for federal income taxes. In addition, she had interest

30. ## History Help check my answers

The Citizens of a small city have been eager to see more green space in their environment. There are several abandoned lots that activists think could be turned into community gardens or parks for people to freely enjoy 1.for the additional green spaces to

31. ## Math

3. The reported wages are realized income or gross income? Neither Realized Income Gross Income 4. You are looking at your W2 and see that your local wages were \$40,000 and the amount of local tax withheld was \$600. What percentage rate was withheld? 1.5%

32. ## Mathematics

An employee earns \$40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week and that the gross pay prior to the current week totaled \$58,000. Assume further that the social

33. ## math

Aldo gets paid biweekly. His gross pay for each pay period is \$850. He has 16% withheld for taxes and 7% withheld for personal deductions. What is the amount of his annual net pay?

34. ## Economics

Some people would prefer a single income tax rate because it? A) would increase the government’s revenue. B) is easier to calculate. C) would reduce the percent of income poorer families pay in income taxes. D)means everyone would pay the same income

35. ## Math

25. Edith earns an annual gross salary of \$17,500. She has 28% of her gross salary withheld for taxes and other deductions. What is the net pay of each paycheck if she is paid weekly? \$274.04 \$43.87 \$242.31 26. Franklin deposited \$1,400 in a savings

The second proposal we’ll consider is a modified flat-tax plan, where everyone only pays taxes on any income over \$20,000. So, everyone in group A will pay no taxes. Everyone in group B will pay taxes only on \$9,000. Determine the total taxable income

37. ## accounting

In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until November 30, 2008

38. ## College Algebra

If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with \$989.50 a month in take-home pay, then the amount you earned before the

39. ## College Algebra

If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with \$989.50 a month in take-home pay, then the amount you earned before the

40. ## College Algebra

If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with \$989.50 a month in take-home pay, then the amount you earned before the

41. ## College Algebra

If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with \$989.50 a month in take-home pay, then the amount you earned before the

42. ## math

Employee's Earnings statement Name: Martin Fischer Earnings Regular Pay- \$225.86 Overtime pay- \$88.90 Gross Pay-\$314.76 Total Deductions-\$107.95 Net Pay-\$206.81 Taxes Withheld Federal State Local FICA Other \$48.20 \$6.88 \$4.55 \$23.64 \$0.00 Personal

43. ## accounting

Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of \$8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%.

Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of \$8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%.

45. ## social studies

americans pay many different types of taxes to federal, state, and local governments. Choose the best example of a tax that we do NOT pay in the U.S.? A.payroll taxes B.value-added taxes C.sales taxes D.income taxes

46. ## Accounting

Kelly B. Roach Single, 1 Allowance \$415/week Deduction for 401(k) plan 50/week Annual Taxes Withheld 1,337.96 Social Security tax withheld 313.04 Medicare tax withheld 662.48 State Income tax withheld 928.20 Local Income tax withheld Ralph Volpe Married, 1

47. ## Math

You make \$52,800/year as a salaried employee who is paid semi-monthly. Taxes are Federal (15%), FICA (7.65%), and State (3%). You are also having \$50/paycheck withheld for health care. What will your realized income be on your next paycheck? \$1,585.70

48. ## math check

1.)Jenna earns \$16,250 per year. She pays 6% of her earnings to her pension fund. Her health insurance costs \$81.50 per month and she has \$55 taken from her monthly paycheck for savings. What are her total deductions for the year? =a.)\$2,613 b.)\$1,625

49. ## ACC 105

Employee Form W-2 Information Roach, Kelly Volpe, Ralph Myer, Randi Ford, Kenneth Carmen, Chrissy Zuber, Hal 1. Wages, tips, other compensation 2. Federal income tax withheld 3. Social security wages 4. Social security taxes withheld 5. Medicare wages and

50. ## Economicsquiz soon! HELP!!!...

I don't get when to use the 7.65% and then the 1.45% How do you calculate the following below...given: number of hours worked-952 Hourly pay- \$120.50 ______________________________ A. Gross pay for the year B. FICA Taxes C. Federal Income Tax D. Net Pay

51. ## Economics

I don't get when to use the 7.65% and then the 1.45% How do you calculate the following below...given: number of hours worked-952 Hourly pay- \$120.50 ______________________________ A. Gross pay for the year B. FICA Taxes C. Federal Income Tax D. Net Pay

52. ## finance

Mary Watson is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned \$45,000 as a sales assistant for Focused Business Analytics: \$3,910 of her wages was withheld for federal income taxes. In addition, she had interest

53. ## MicroEconomics

You are a typical person in the US economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employees share combined) You also pay federal income taxes 15%. How much tax

54. ## accounting

Complete the work sheet. In completing the worksheet, compute State of Illinois corporate income taxes at 41/2% of pretax income. The state income tax is deductible on the federal tax return, and the federal tax is not deductible on the Illinois return.

Most people pay federal income tax by: A. paying the total amount owed by April 15. B. filing quarterly tax payments. C. having amounts withheld from income. D. earning tax credits for various deductions. I chose d. But I am not sure

56. ## Math

Find the amount hog federal income tax withheld from Sharon lees monthly paycheck of \$8612.50 using the percentage method. She is single and claims 2 withholding dependents

57. ## Accounting

Louis Welch is general manager of United Salons. During 2014, Welch worked for the company all year at a \$10,200 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary. Welch’s federal income tax withheld during 2014 was \$850

58. ## Math

You make \$22.50/hr and work 38 hours each week. You are paid weekly. Taxes are Federal (25%), FICA (7.65%), and State (3%). What is your Gross income on your next paycheck? \$550.19 \$855.00 \$304.81 Flag this Question Question 4 1 pts You make \$22.50/hr and

59. ## career preparedness grade 9

Use the following federal tax table for biweekly earnings of a single person to help answer the question below. A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is

60. ## Math

When calculating his income tax an accountant realized that his federal tax was 40% of his income after his provincial tax was paid, and that his provincial tax was 25% of his income after his federal tax was paid. If the accountant's income before taxes

61. ## chid

In preparing a budget for a day care center, you must plan for taxes. As an employer, you must pay part of each employee’s _______ tax. A. Social Security C. state income B. federal income D. local

62. ## child

In preparing a budget for a day care center, you must plan for taxes. As an employer, you must pay part of each employee’s _______ tax. A. Social Security C. state income B. federal income D. local

63. ## Accounting 2

Journalizing liability transaction. The following transactions of denver pharmacies occurred during 2011 and 2012. Louis Welch is general manager of United Tanning Salons. During 2012, Welch worked for the company all year at a \$6,200 monthly salary. He

64. ## algebra

In a certain state, people with an income under \$15K pay a minimum income tax plus a % of the amount over \$12,750.00. The table below shows the income, x, and the taxes paid; y for several people. Using a a linear model, what is the additional % people pay

65. ## Math

an electrician earns 136,100 a year and they are taxed at 27% how much do they pay in taxes what is their personal income after they pay their taxes Taxes,tips and interest

66. ## 10 math

Dawn earns \$16,500 per year. She pays 9.5% of her gross income in state and local taxes. How much is withheld from each paycheck for these taxes if she is paid biweekly?

67. ## Financing and Budget

In preparing a budget for a day care center, you must plan for taxes. As an employer, you must pay part of each employee's---- tax. A.Social Security B.federal income C. state income D. local My answer is A.Can someone check this answer for me.

68. ## Math

in a recent year, a single person could expect to pay \$4550 in income taxes on an adjusted gross income of \$35,000. how much more tax should the person expect to pay if her adjusted gross income increased by \$4000, knowing that this would not move her into

69. ## Algebra

In a recent year, a single person could expect to pay \$4200 in income taxes on an adjusted gross income of \$30,000. How much more tax should the person expect to pay if her adjusted gross income increased by \$3000, knowing that this would not move her into

70. ## Principles of Macroeconomics

Which of the following is the largest source of funds for the federal government? I am thinking either (B) OR (D) a. property taxes b. borrowing c. excise taxes d. income taxes e. tariffs

71. ## Accounting

Here is another question I am having trouble with, please help!!!! 3. The following totals for the month of March were taken from the payroll registrar of the X company: Salaries (all subject to social security & Medicare taxes \$14,000 Federal income taxes

72. ## math

Jeff pays \$967 in state taxes per year. If he is paid semimonthly, how much is withheld from his paycheck for state taxes each pay period?

73. ## Texas Government

According to the text, what is the current combined state and local sales tax rate in Texas? a. Texas has no state tax rate; only local rates apply. b. 2% c. 6.25% d. 8.25% A is the correct answer? Since in the text it says Texans pay only federal income

74. ## Two Multiple Choice American Government Questions

The chief way the federal government raises revenue is from borrowing money foreign aid individual income taxes corporate taxes This concept means that the total federal budget changes only a little from one year to the next. reconciliation fiscal policy

75. ## Personal Finance

PLEASE HELP ME ASAP!!!!!!!!!!!! 32. Which is not a horrible mortgage option? a. ARM b. Conventional c. Reverse mortgage d. Balloon I answered c and I am not sure if that is right or not. 33. Why do you plan for retirement instead of relying on Social

76. ## Financial Accounting

I really need help please !!!!!!!!!!!!! 1. Accounting for payroll. Jimmy Paycheck earned \$1,500 per month as the manager of a recording studio. Jimmy has 25% of his earning withheld for federal income taxes. There are no other amounts withheld except for

77. ## math

Carlos earns \$450.00 per week as a paralegal. He is in the 15% tax bracelet. How much of his annual income is withheld for taxes?

78. ## child care

which of the following taxes must be paid only by the employer? A Federal income B State C Federal unemployment D Fica Thanks

79. ## Financing and Budget

Which of the following taxes must be paid only by the employer? A. Federal income B. FICA C. Federal unemployment D. State C.

80. ## Financing and Budget

Which of the following taxes must be paid only by the employer? A. Federal income B. FICA C. Federal unemployment D. State C.

81. ## Math

Felisha worked at the library for three months.she earned \$4,500.00 and must pay total of 15% in taxes,which includes federal withholding, Medicare, and social security taxes.What is her net pay? Show or tell how you got the answer A) \$3,825.00 B)

82. ## public finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state

83. ## Public Finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state

84. ## Acc/Federal Taxxtion

During the current year, Deborah Baronne, a single individual, paid the following amounts: Federal income tax \$10,000 State income tax \$4,000 Real estate taxes on land in France \$1,500 Real estate taxes on land in U.S. \$1,700 State sales taxes \$2,000 State

85. ## algebra

How would you solve this math equation? this is really confusing to me. Ms.Martin was researching the costs of financing \$125,000 for a home. She found that the monthly payment for a 6.875% loan for 30 years would be \$821.16 per month. She found that the

86. ## Math

Geraldine made \$140,143.11 in Employment income last year. She had investment income of \$12,383.19 and dividend income of \$4,230.12. How much income tax (include both federal and provincial) did she have to pay if she lives in Ontario? Federal Rates: 15%

87. ## Texas Government

the excise tax on gasoline is an example of a tax based on a benefit received rather than on the ability to pay. a. yes b. no This is obviously Yes since in the book it says >> For many governments the primary source of revenue is taxes, which in turn can

88. ## math

Carol has 22% of her pay withheld for deductions. If she earns \$680 per week, what amount is withheld?

89. ## math

roberto has 22% of his pay withheld for deductions. if he earns \$680 per week, what amount is withheld?

90. ## math

Carol has 22% of her pay withheld for deductions. If she earns \$680 per week, what amount is withheld?

91. ## Economics

In what key area do the benefit principle of taxation and the ability-to-pay principle of taxation differ? A. how taxes should be collected B. which types of items should be taxed C. who should pay the taxes D. what percentage of income should be taxed Is

92. ## Puerto Rico (AGAIN)

I need to know some Laws to be aware of.. I found some sites, but i'm having difficulty breaking it down, so i need a site that is pretty easy to comprehend or perhaps maybe u can retype what the site says so that it is easier to comprehend I also need to

93. ## math

In a recent, a single person could expect to pay \$3400 in income taxes on an adjusted gross income of \$34000. How much more tax should the person expect to pay if her adjusted gross income increased by \$4000, knowing that this would not move her into the

94. ## math

income is subject to federal taxes

95. ## payroll accounting

Julie Whiteweiler made \$930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Julie contributes \$100 each week to her company's 401(k) plan and has \$25 put into her health savings account (nonqualified) each week.

96. ## government(taxes)

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10)

97. ## Math HELP

A new luxury car costs \$80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?

98. ## Finance

Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross ( before- tax) monthly income amounted to \$ 3,500? Would it make any difference if they were already making monthly installment

99. ## math

Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross ( before- tax) monthly income amounted to \$ 3,500? Would it make any difference if they were already making monthly installment

100. ## Math

Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross ( before- tax) monthly income amounted to \$ 3,500? Would it make any difference if they were already making monthly installment