Author Question: Lindsey Banks is a Senior who earned 3,500 working at the local bakery. Her employer deducted 380 in ... (Read 72 times)

DyllonKazuo

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Lindsey Banks is a Senior who earned 3,500 working at the local bakery. Her employer deducted 380 in withholding taxes. She has no adjustments to income or additional income. Her parents claim her as a dependent on their tax return. How much will Lindsey receive as a refund?

Question 2

Caden makes 10.75 an hour and works 40 hours a week. He estimates he will spend about 50 per week on qualified expenses. By using his employer's cafeteria plan, his federal income tax will change from 49 to 42 per week. FICA taxes and a 4 state income tax are also deducted from his wages. How much will Caden save per week if he chooses to participate in the cafeteria plan? What will be his savings per year?



chinwesucks

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Answer to Question 1

380

Answer to Question 2

12.83, 667.16



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