What are pat first weeks deductions for social security

Assignment Help Finance Basics
Reference no: EM13267070

Pat Maninen earns a gross salary of $3,000 each week. What are Pat's first week's deductions for Social Security and Medicare? Will any of Pat's wages be exempt from Socail Security and Medicare for the calendar year? Assume a rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare.

Reference no: EM13267070

Questions Cloud

What is len income tax : Len Mast earned $2,200 for the last 2 weeks. He is married, is paid biweekly, and claims 3 exemptions. What is Len's income tax? Use the percentage method.
How to determine the value of kc for the reaction : Determine the value of Kc for the following reaction if the equilibrium concentrations are as follows: [N2]eq = 3.6 M, [O2]eq = 4.1 M, [N2O]eq = 3.3 × 10-18 M.
Explain what is the internal rate of return of a project : What is the internal rate of return of a project that has an initial outlay of $150,000 and net cash flows of $40,000 for 5 years?
What is receive snr at 100m distance assuming free space : consider a system with a 0.1mw transmit power unit gain for the transmit and receive antennas operating at 50 mhz carrier frequency with a 100khz bandwidth.the system operates in a suburban environment.
What are pat first weeks deductions for social security : What are Pat's first week's deductions for Social Security and Medicare? Will any of Pat's wages be exempt from Socail Security and Medicare for the calendar year? Assume a rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare.
Case study:slices of teaching life : Cases depict "slices of teaching life" an array of exceptionalities
Explain the density of the solution in g/cc and lbm/gal : A sodium chloride solution is made at 68 deg F that contains 16.28 g of NaCl in 100 cc of fresh water. The fresh water density is 0.9982 g/cc. What is the density of the solution in g/cc and Lbm/gal
Calculate the average angular speed of the planet : A day on a distant planet observed orbiting a nearby star is 31.7 hours. Also, a year on the planet lasts 79.5 Earth days.* Calculate the average angular speed of the planet
Find the angular displacement of the tub : During the spin cycle of your clothes washer, the tub rotates at a steady angular velocity of 32.7 rad/s. Find the angular displacement of the tub

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the value of the stock

if the required return declines to 9% and the dividend remains $1, what is the value of the stock? if the stock is selling foor $20, what does that imply?

  Risk management role of options and futures

Describe and analyze the risk management role of options, futures and forward contracts.

  Explain decision making on the basis of the net present

Explain decision making On the basis of the net present value criterion and annual expenses of feeding and housing the baboon would be $4,000

  Components of a financial reporting system

Describe the meaning and the components of a financial reporting system and write a description of how management should use an activity based budget instead of an operating budget

  Effect of inflation on purchasing power of bond

ourteen years ago, the U.S. Aluminum Corporation borrowed $9.9 million. To sustain the original $9.9 million purchasing power, how much must the lender be repaid? (Hint: Multiply the loan amount by one plus cumulative inflation).

  Computation of yield to maturity and decision making

Computation of Yield to Maturity and decision making and You are considering Dell Company and MCI Company bonds

  Planning a bond issue in six months and kenny

The town of South Park is planning a bond issue in six months and Kenny

  How many shares are in the treasury

A company whose charter autorizes 10 million shares, has sold 6 million to the public. Of these, 5 million are in the hands of investors today.

  Determining the future and present values

Write down the advantages and limitations of financial management of future and present values of money, annuities, interest rates, uneven cash flow, and amortization?

  Estimate what happens to the value of the portfolio

the gamma and vega of a delta neutral portfolio are 50 per $ and 25 per %, respectively. Estimate what happens to the value of the portfolio when there is a shock to the market casuing the underlying asset price to decrease by $3 and its volatilit..

  Opportunity costs and deferred annuity

Les Moore retired as president of Goodman Snack Foods Company-Supposing Mr. Moore will not retire for two more years and will not start to receive his ten payments till the end of the third year, what would be the value of his deferred annuity?

  Finance related multiple choice questions

The primary users of external financial reports are;  If a company has $15,000 in assets and $10,000 in equities, then liabilities are

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!

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