How much will you pay for the medicare tax

Assignment Help Financial Management

Reference no: EM131592448

1. If you earn $60,000 in 2017, how much in total will be paid into the Social Security system? _________________

2. Assume you earn $140,000 in 2017.

a. How much will YOU pay for the traditional Social Security tax? ________________

b. How much will you pay for the Medicare tax? _________________

c. How much will your employer pay in total on behalf of this income for both parts of the Social Security tax? _______________

d. How much in TOTAL is paid into the entire Social Security system on behalf of this income? ________________

Reference no: EM131592448

Questions Cloud

Write client-server program and perform popularity checking : For project you are required to write a client/server program and perform popularity checking - Your management has interest in finding out

How long will it take to settle the loan : If the company makes payments of $1,600 at the end of every month, how long will it take to settle the loan?

The need for intercultural communication : What about the world today demonstrates most obviously the need for intercultural communication? Be detailed in your answer.

Conduct expected of criminal justice employees : analyze the need for a greater standard of conduct expected of criminal justice employees

How much will you pay for the medicare tax : How much will YOU pay for the traditional Social Security tax? How much will you pay for the Medicare tax?

Compute taxable income and income taxes payable : (One Temporary Difference, Future Taxable Amounts, One Rate, No Beginning Deferred Taxes) South Carolina Corporation has one temporary difference at the end.

How culture and diversity impact and influence groups : How culture and diversity impact and influence groups. Explain the diversity/culture issues you saw in your groups or in other groups you've observed.

Four components of latency : Considering each of the four components of latency (propagation time, transmission time, queuing time, and processing delay).

Explain criminal justice process : Distinguish among the following: criminal justice process, criminal justice network, and criminal justice non-system

User Account

All Pages