User Account

All Pages

Social security tax and medicare tax on behalf

Assignment Help Finance Basics
Reference no: EM132473914

If you earned a salary of $30,000, what would be your total FICA taxes? (Use a combined tax rate of 15.3%)

a. How much would you pay in taxes for Social Security for the year? For Medicare?

b. How much did your employer pay in Social Security tax and Medicare tax on your behalf?

Reference no: EM132473914

Questions Cloud

Determine what are cadbury economic profits : Determine and Suppose the economic costs associated with depreciation and amortization are 400 million pounds. What are Cadbury's economic profits?
Identify three measurable attributes : Disputes information with coworkers and customers but does not have facts to support. Often asks coworkers about products, rather than seeking out information
Future and present value of money : If we did not touch the money that is currently in the bank, how much more money will the company need to earn at the end of the 4th year to pay for the second
What steps should be taken to fix the problem : Since this is the first time you have ever done this, is this a problem? If so, what steps should be taken to fix this problem? If not, why not?
Social security tax and medicare tax on behalf : How much did your employer pay in Social Security tax and Medicare tax on your behalf?
How do calculate the pv of future payments to ensure : How do calculate the Pv of future payments to ensure if it is capital lease. what will be the accounting treatments in the balance sheet and income statement
What is the value of the swap to the party paying dollars : What is the value of the swap to the party paying sterling? What is the value of the swap to the party paying dollars?
MITS4001 Case Study and Presentation Assignment : MITS4001 Business Information Systems Case Study and Presentation Assessment Help and Solution, Victorian Institute of Technology, Australia. Prepare a report
What is the irr of the investment : The initial cost of the property is $17 million and the expected sale price is $36 million. What is the IRR of the investment?

Reviews

Write a Review

Finance Basics Questions & Answers

  Advantages of market order, limit order, and stop order.

Discuss and explain the advantages and disadvantages of market order, limit order, and stop order.

  Practice problems financial statement analysis

What was the capital spending for LMC in 20Y5? Practice Problems Financial Statement Analysis.

  What was the stock return for the missing year

What was the stock's return for the missing year? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.

  Period can be purchased on the open market

The last sinking fund payment will retire the last of the bonds. The bonds to be retired each period can be purchased on the open market or obtained by calling up to 5% of the original issue at par, at VDC's option.

  What was iron ore 2008 ebit

Iron Ore listed $35 million in depreciation expense and $55 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

  Important concepts financial management

What are three most important concepts Financial Management?

  How much does a share of preferred stock cost today

Fifth National Bank just issued some new preferred stock. The issue will pay a $7 annual dividend in perpetuity, beginning five years from now.

  Ethical code for financial management

There is a growing body of knowledge indicating that organizations that act in a socially responsible manner and follow ethical standards outlast and outperform companies that pursue profits at all costs.

  Explain the term tax expenditure

Assume a city gov't plans to sell $1000 in bonds and without any special tax treatment would have to pay 10%.

  Draw a frequency table histogram and percentage frequency

Draw a frequency table, histogram, percentage frequency and cumulative frequency table of this data.

  What is the prototype resistance

During the development of a 300-ft ship, it is desired to test a 10% scale model in a towing tank to determine the drag characteristics of the hull. Determine how the model is to be tested if the Froude number is to be duplicated.

  What is the current yield of the bond today

Today, a bond has a coupon rate of 10.6 percent, par value of $1000, 13 years until maturity, YTM of 12.6 percent, and semiannual coupons with the next one due in six months. One year ago, the price of the bond was $968. What is the current yield ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd