The amount that Tonja will save in Federal Income and FICA Taxes if she has her childcare expenses deducted from her check before taxes is: $26.17
<h3>What is Federal Income Tax?</h3>
Federal Income Tax is a tax that is levied by the Federal Government and most states in the United States of America. It comprises of 7 tax rates.
<h3>What is FICA Tax?</h3>
FICA Tax is a Federal Insurance Contributions Act Tax. This tax is levied on every payroll of employees to fund Social Security and Medicare programs. This is divided into two parts:
- Social Security Tax which is 6.2% and
- Medicare Tax which is 1.45%. The total is 7.65%
How to calculate Tonja's Tax before deduction
Federal Tax rate first level is 10% on 0$ - $19,900.
1) Hence, the first tax is 10% on $600, which is $60
2) The next tax is FICA. This is applied to the Gross Pay of $600.
Applying both taxed under FICA we have 7.65% * $600 = $45.9
Total Tax before a deduction is:
$60 + $45.9 = $105.6
The Tax Payable if childcare expenses is deducted first will be:
10% on $450 = $45
7.65% on $450 = $34.43
Total = $79.43
Hence the tax savings will be:
105.6 - 79.43 = $26.17
Learn more about FICA Tax at:
brainly.com/question/3214345
I did it on the calculator and the answer is 7.77777777778
Answer:
The correct answer is B. George’s computer is expected to have a value of $25 greater.
Step-by-step explanation:
Since Chelsea bought a computer on Monday for $ 1,300, and its value is predicted to decrease by $ 250 per year, while her brother George also bought a computer on Monday, and the function g (x) = 1,100 - 175x predicts how the value of his computer is expected to change after x years, to determine whose computer is expected to have a greater value when it is 3 years old, and how much greater will it be, the following calculation must be performed:
Chelsea:
1,300 - (250 x 3) = X
1,300 - 750 = X
550 = X
George:
1,100 - (175 x 3) = X
1,100 - 525 = X
575 = X
Therefore, George’s computer is expected to have a value of $ 25 greater.
Answer:
Train A = 128
Train B = 68
Step-by-step explanation:
We can set up a system of equations for this problem
Let A = # of tons of Train A
Let B = # of tons of Train B
A + B = 196
A = B + 60
Now, we plug in A for the first equation, using substitution
(B+60) + B = 196
2B + 60 = 196
Subtract 60 from both sides
2B = 136
Divide both sides by 2
B = 68
Plug in 68 for B in the 2nd equation
A = 68 + 60
A = 128
Checking work: 128 + 68 = 196 :D hope this helped