Carlos earned a total of $236,000 for 2019. How much in FICA tax will his employer be
Question:
Carlos earned a total of $236,000 for 2019. How much in FICA tax will his employer be required to withhold in his name?
a. $11,448.30.
b. $11,661.80.
c. $11,706.80.
d. $11,985.80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
d 1198580 Feedback 132900 62 82398...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
Question Posted:
Students also viewed these Business questions
-
Carlos earned a total of $225,000 for 2017. How much in FICA tax will his employer be required to withhold in his name? a. $10,834.50. b. $11,148.90. c. $11,373.90. d. $12,029.10.
-
Carlos earned a total of $225,000 for 2018. How much in FICA tax will his employer be required to withhold in his name? a. $11,223.30 b. $11,373.90. c. $11,448.30. d. $11,484.30.
-
1. Employees claim withholding allowances on Form W-4. Each withholding allowance claimed lowers their annual withholding base by what amount for calendar year 2015? a. $3,850. b. $3,900. c. $3,950....
-
Jinny Buffett recently retired as a flight attendant and is interested in opening a fitness center and health spa exclusively for women in Grand Cayman, where she resides. After careful study, she is...
-
a. Find the general traffic pattern of the freeway network shown in the figure. (Flow rates are in cars/minute.) b. Describe the general traffic pattern when the road whose flow is x5 is closed. c....
-
Separating operating margins and holding gains. During Year 8. its first year of operations. Miller Corporation purchased 10.000 units at $80 each and sold 9.000 units for $100 each. On December 31....
-
How are action potentials recorded from a neuron? What do these signals look like, and what is the relation between action potentials and stimulus intensity? LO1
-
David Dobrovolny bought a new Ford F- 350 pickup truck. A year later, the truck spontaneously caught fire in Dobrovolnys driveway. The truck was destroyed, but no other property was damaged, and no...
-
* * Accounting for Investments * * Accounting for investments involves the recognition, measurement, and disclosure of various types of investment securities held by an entity, such as stocks, bonds,...
-
A spring with a force constant of 3.5 104 N/m is initially at its equilibrium length. (a) How much work must you do to stretch the spring 0.050 m? (b) How much work must you do to compress it 0.050...
-
Household employees are subject to FICA withholding if they are paid at least what amount during any calendar quarter in 2019? a. $1,800. b. $1,900 c. $2,000. d. $2,100.
-
Erica earned $133,800 during 2019. How much will her employer withhold from her, in total, for FICA taxes? a. $9,842.90. b. $10,179.90. c. $10,222.65. d. $10,235.70.
-
From Exercises 12.97 and 12.98, we conjecture that, for a comparison of two population proportions, the value of the 2-statistic of a chi-square homogeneity test equals the square of the value of the...
-
1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...
-
Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $1,700,000.%0D%0A%0D%0AHAMES...
-
McDonald's conducts operations worldwide and is managed in two primary geographic segments: US, and International Operated Markets, which is comprised of Australia, Canada, France, Germany, Italy,...
-
Woodland Wearables produces two models of smartwatches, the Basic and the Flash. The watches have the following characteristics:Basic Flash Selling price per watch$ is 270$ 460 Variable cost per...
-
Based on the information provided and recognizing the value of coordinating across its portfolio of businesses, how should LendingTree manage these newer businesses? * as more integrated units * as...
-
The declaration statement for a named constant requires _____________________ . a. A data type b. A name c. A value d. All of the above
-
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
-
In2016, Andrew contributed equipment with an adjusted basis of $20,000 and a FMV of $18,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrew's share...
-
Judy acquired passive Activity A in January 2011 and Activity B in July 2012. Until 2016, Activity A was profitable. Activity A produced a loss of $50,000 in 2016 and a loss of $75,000 in 2017. She...
-
Julia acquired passive Activity A in January 2012 and passive Activity B in July 2014. Until 2015, Activity A was profitable. Activity A produced a loss of $150,000 in 2015 and a loss of $150,000 in...
-
Use the following information for questions 2 and 3. Niles Co. has the following data related to an item of inventory: Inventory, March 1 100 units @ $4.20 Purchase, March 7 350 units @ $4.40...
-
Rotan, Inc. purchased a van on January 1, 2018, for $800,000. Estimated life of the van was five years, and its estimated residual value was $96,000. Rotan uses the straightline method of...
-
If at the beginning of a period, you buy a share of stock for $49, then receive a dividend of $3, and finally sell the stock for $51, what was your holding period return? 9.3% 10.2% 14.8% 16.3%
Study smarter with the SolutionInn App