How much of her net self-employment earnings must fess count

Reference no: EM132683138

Questions -

1. During 20--, Garr was paid a weekly salary of $2,650.00. The amount of FICA to be withheld from the following payments is: OASDI? HI?

(a) For the 50th week

(b) For the 51st week

2. In this pay, Moss Company deducted OASDI taxes of $5,276.24 and HI taxes of $1,233.95 from the $85,100.90 of taxable wages paid. What is Moss Company's portion of the social security taxes for:

(a) OASDI?

(b) HI?

3. Fess receives wages totaling $75,700 and has net earnings from self-employment amounting to $61,300. In determining her taxable self-employment income for the OASDI tax, how much of her net self-employment earnings must Fess count?

Reference no: EM132683138

Questions Cloud

Determine the actual weight-volume weight : Determine the actual weight, volume weight and chargeable weight (freight charge) of the shipment in in questions bellow. Note: consider weight break

Describe the business process of re-engineering : Describe the business process of re-engineering.

Relationship between planning and control : What is the relationship between planning and control? Give an example.

Make the journal entries for rey corporation on february : Prepare the journal entries on January. Prepare the journal entries for Rey Corporation on February 1, 2022, to record the exercise of the warrants by Leia Co.

How much of her net self-employment earnings must fess count : In determining her taxable self-employment income for the OASDI tax, how much of her net self-employment earnings must Fess count

Cnn reports that young children : CNN reports that young children in the United States are exposed to an average of four hours of background television per day.

Describe three technology trends that pose ethical issues : What are the main changes taking place in organizational use of information systems? Which of these do you think is having the greatest impact on businesses?

Prepare income and expenditure statement for steel circle : Steel Circle Club is a bowling club, Prepare the Income and Expenditure Statement for Steel Circle Club the year-ended 31 July 2019.

Implement database security policies : Create and maintain a database Server and Implement Database security policies - Based on the ER-Diagram, assuming that you are a Database Administrator

User Account

All Pages