This topic contains a solution. Click here to go to the answer

Author Question: Use the tables below to solve the problem. Round dollar amounts to the nearest cent and percents to ... (Read 441 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
Use the tables below to solve the problem. Round dollar amounts to the nearest cent and percents to the nearest tenth.



To help pay for college, you worked part-time at a local restaurant, earning $27,000 in wages and tips.
(a) Calculate your FICA taxes.
(b) Use the tax table to calculate your income tax. Assume you are single with no dependents, have no adjustments or tax credit, and you take the standard deduction.
(c) Including both FICA and income tax, what percentage of your gross income are your federal taxes?
◦ (a) $1525.50
(b) $3615.00
(c) 19.0%
◦ (a) $1525.50
(b) $2152.50
(c) 13.6%
◦ (a) $391.50
(b) $3615.00
(c) 14.8%
◦ (a) $391.50
(b) $2152.50
(c) 9.4%


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by EY67 on Feb 2, 2020

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly




EY67

  • Member
  • Posts: 531
Reply 2 on: Feb 2, 2020
Gracias!


upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

For a complete list of videos, visit our video library