Question
In: Accounting
Compute the total annual tax for the following individuals. Note: Round each to the nearest cent....
Compute the total annual tax for the following individuals.
Note: Round each to the nearest cent.
- Alex has self-employment earnings of $55,600.
Alex's 2019 total self-employment withholding is: $
- Hope has self-employment earnings of $135,000.
Hope's 2019 total self-employment withholding is: $
- Michelle has self-employment earnings of $220,000.
Michelle's 2019 total self-employment withholding is: $
Compute the following for John who is both an employee and self-employed.
Note: Round the answer to the nearest cent.
John worked for the NFL, earning for the year $102,000. In addition, during his free time, he shoveled snow in the neighborhood, earning $39,500 for the year.
John's 2019 self-employment FICA withholding is: $
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Compute the weighted average (round to the nearest cent) for the following table of values: x...
Compute the weighted average (round to the nearest cent) for the
following table of values:
x
f(x)
$ 5
25
$ 20
11
$ 30
8
$ 75
3
$ 100
1
Also, what is the median dollar value from this data?
Compute the geometric mean return (rounded to 4 decimal places)
for the following:
Year
Return
1
15%
2
-20%
3
30%
4
-8%
5
25%
If you invested $1,200, how much would it be worth after 5 years...
Compute the weighted average (round to the nearest cent) for the following table of values: x...
Compute the weighted average (round to the nearest cent) for the
following table of values:
x
f(x)
$ 5
25
$ 20
11
$ 30
8
$ 75
3
$ 100
1
Also, what is the median dollar value from this data?
Compute the geometric mean return (rounded to 4 decimal places)
for the following:
Year
Return
1
15%
2
-20%
3
30%
4
-8%
5
25%
If you invested $1,200, how much would it be worth after 5 years...
For all payroll calculations, use the following tax rates and round amounts to the nearest cent:...
For all payroll calculations, use the following tax rates and
round amounts to the nearest cent:
Employee:
OASDI:
6.2%
on first
$132,900
earned; Medicare:
1.45%
up to
$200,000,
2.35%
on earnings above
$200,000.
Employer:
OASDI:
6.2%
on first
$132,900
earned; Medicare:
1.45%;
FUTA:
0.6%
on first
$7,000
earned; SUTA:
5.4%
on first
$7,000
earned.
Robinson
works at College of
Boston
and is paid
$30
per hour for a 40-hour workweek and time-and-a-half for hours
above 40.
For all payroll calculations,...
Please round to the nearest cent for all answers. --------------------------------------------------------------------------------- Compare the monthly payment and total...
Please round to the nearest cent for all
answers.
---------------------------------------------------------------------------------
Compare the monthly payment and total payment for the following
pairs of loan options. Assume that both loans are fixed rate and
have the same closing costs.
You need a $160,000 loan.
Option 1: a 30-year loan at an APR of 7.25%.
Option 2: a 15-year loan at an APR of 6.8%.
----------------------------------------------------------------
Find the monthly payment for each option.
The monthly payment for option 1
iswhat.
The monthly payment...
PLEASE ROUND TO THE NEAREST CENT FOR FINAL ANSWER Compare the monthly payments and total loan...
PLEASE ROUND TO THE NEAREST CENT FOR FINAL
ANSWER
Compare the monthly payments and total loan costs for the
following pairs of loan options. Assume that both loans are fixed
rate and have the same closing costs.
You need a $130,000 loan.
Option 1: a 30-year loan at an APR of 9.5%.
Option 2: a 15-year loan at an APR of 8.5%.
--------------------------------------------------------------------
1.) Find the monthly payment for each option.
The monthly payment for option 1 is what?
The...
1. Find the total amount due on the invoice. Round answer to the nearest cent. Taxable...
1.
Find the total amount due on the invoice. Round answer to the
nearest cent.
Taxable Sale
Sales Tax Percent
Invoice Total
$380.98
5.5%
$
2.
Marisa Tallifero bought a cordless phone priced at $49.99. It
was subject to 8.75% sales tax. Round answer to the nearest
cent.
a. What was the sales tax?
$
b. What was the total amount Marisa paid for
the phone?
$
3.
Find the total amount due on the invoice. Round answer to the...
using excel functions Complete the following without a table (round each calculation to the nearest cent...
using excel functions
Complete the following without a table (round each calculation
to the nearest cent as
needed):
1. principal time rate of compounding interest
compounded NUMBER of periods compounded total amount Total
interest
$ 500 1 year 8% quarterly A. ? B. ? C.?
Solve the previous problem by using compound value (FV). See
Table 12.1.
Lionel Rodgers deposits $7,000 in Victory Bank, which pays 4%
interest compounded
semiannually. How much will Lionel have in his account at the...
Find the property tax. Round to the nearest cent. Assessed valueTax rate $79,200 $7.10 per...
Find the property tax. Round to the nearest cent. Assessed value
Tax rate $79,200 $7.10 per $100 Select one: a. $ 5623.20 b. $
1115.49 c. $ 11,154.93 d. $ 562.32
Find the average total cost for producing 32 sneakers. Round your answer to the nearest cent.
The table below represents the costs of producing sneakers.QuantityFixed CostVariable CostTotal CostAverage Fixed CostAverage Variable CostAverage Total Cost8$117$10$127???16$117$60$177???24$117$110$227???32$117$160$277???40$117$210$327???Find the average total cost for producing 32 sneakers. Round
your answer to the nearest cent.Provide your answer below:
Use the transactions below to answer the following questions. Round to the nearest cent for per...
Use the transactions below to answer the following questions.
Round to the nearest cent for per unit cost and the nearest dollar
for the totals for COGS, Ending Inventory and Gross Profit.
Date
Quantity
Unit Cost
Sale Price
Mar 1
Beginning Inventory
30
$30
Mar 4
Purchase
40
$28
Mar 8
Sale
35
$54
Mar 15
Purchase
50
$26
Mar 20
Sale
42
$55
Using the LIFO Method for inventory costing calculate
the following amounts for the month of March....
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