Anns W-2 form reported total Medicare wages as $88,340. She contributed $50 per weekly paycheck to her
Question:
Ann’s W-2 form reported total Medicare wages as $88,340. She contributed $50 per weekly paycheck to her FSA and $90 per weekly paycheck to her retirement plan. She received a 1099 form from her bank for her savings account interest in the amount of $800 and a 1099 form from a book publisher for royalties in the amount of $3,700. What is Ann’s adjusted gross income?
Transcribed Image Text:
1545-0008 Safe, accurate, FAST! Use 1 Wages, tips, other compensation 3 Social security wages 5 Medicare wages and tips 7 Social security tips Visit the IRS website e file at www.irs.gov/efile 2 Federal income tax withheld 9 Advance EIC payment 4 Social security tax withheld $4,789.81 6 Medicare tax withheld 8 Allocated tips 10 Dependent care benefits
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Anns adjusted gross income 88340 50 90 58130 Since there is no withho...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Laurels W-2 form reported total Medicare wages as $100,750. She contributed $30 per weekly paycheck to her FSA and $75 per weekly paycheck to her retirement plan. She received a 1099 form from her...
-
What are the differences in the amount of borrowing costs that can be capitalized under IFRS and U.S. GAAP?
-
A participating ordinary life policy in the amount of $10,000 is sold to an individual, age 35. The following cost data are given: Annual premium ............... $230 Total dividends for 20 years...
-
Boeing Company was scheduled to deliver several of its 747-400 jumbo jetliners to Northwest Airlines by December 31, 1988. Northwest set that deadline because it needed the $16 million in investment...
-
The Federal Communications Commission released a report (Leslie Cauley, USA Today , Study: A la Carte Cable Would Be Cheaper, February 10, 2006) refuting an earlier report released in 2004 by the...
-
Claytonhill Beverages Ltd. is 100 percent owned by Buzz Bottling. While the company has in the past been profitable, it incurred a loss for the year ended December 31, 2016. The parent company, Buzz...
-
9-3. El proceso de segmentacin y eleccin de mercados meta es un puente entre dos actividades de mercadotecnia, cules?
-
Bill Joyner is evaluating a new ticketing system for his theater. The system will cost $225,000 and will save the theater $57,275 in annual cash operating costs. Bill expects the new system to last...
-
Using the data in the student spreadsheet Ethan Allen Financials forecast the June 30, 2019 income statement and balance sheet for Ethan Allen. Use the percent of sales method and the following...
-
M&D Inc. began operations in January 2023. All of the companys sales are made on account. At the end of its first year of operations, the companys trial balance at December 31, 2023, showed a $50,000...
-
What is a balanced scorecard? What is its primary objective?
-
Oscar is single with a taxable income for last year of $74,555. His employer withheld $16,381 in federal taxes. a. Use the tax table from Example 2 earlier in this lesson to determine Oscars tax. b....
-
Ms. Chiu owns all of the 100 Class B shares issued by Chiu Ltd., a small business corporation, which was formed by Ms. Chiu about 15 years ago. Her son owns all the Class A shares. The current fair...
-
X Calculate the reaction rate at various conversions, as shown below: FAO -TA -TA 0.2 0.8 Considering that for a PFR: dx V = FAO What is the conversion reached after the 50 m of this PFR?
-
For decades, leaders have talked about flexible working options, yet only few companies were consistently using these practices prior to the global health crisis of 2020. In March 2020, organizations...
-
Manatee Corp. has developed standard costs based on a predicted operating level of 352,000 units of production, which is 80% of capacity. Variable overhead is $281,600 at this level of activity, or...
-
When leaders are facing a crisis or an opportunity, generally, they tend to fall back on the leadership style that has worked for them in the past. Discuss with examples the options that would help...
-
Data Table the pasteet dollar -X Total sales revenues 2 Number of units produced and sold 500,000 units Selling price nt. $ 230,000 te Operating Income Total Investment in assets Variable cost per...
-
Sketch the graph of f by hand and use your sketch to find the absolute and local maximum and minimum values of f. f(x) = 2 - 1/3 x, x > -2
-
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
-
Compute a 95% CI for the variance of the concentrations? Obstetrics, Serology A new assay is developed to obtain the concentration of M. hominis mycoplasma in the serum of pregnant women. The...
-
Assuming the point estimate in Problem 6.36 is the true population parameter, what is the probability that a particular assay, when expressed in the log scale to the base 2, is no more than 1.5 log...
-
Answer Problem 6.38 for 2.5 log units? Obstetrics, Serology A new assay is developed to obtain the concentration of M. hominis mycoplasma in the serum of pregnant women. The developers of this assay...
-
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
-
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
-
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...
Study smarter with the SolutionInn App