Author Question: Lindsey Banks is a Senior who earned 3,500 working at the local bakery. Her employer deducted 380 in ... (Read 62 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
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

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

380

Answer to Question 2

12.83, 667.16



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library