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 289 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
Great answer, keep it coming :)


brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

For a complete list of videos, visit our video library