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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children.

Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two

Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is self-employed and earns $172,000

 

Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross income: $61,000 Adjustments: none Deductions: $4779 state taxes $4000 theft loss Tax credit: $1000 Click the icon to view the 2016 marginal tax rates. The income tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.) Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is self-employed and earns $172,000, what are the taxpayer's FICA taxes? Employee's Rates Matching Rates Paid by the Employer 7.65% on first $118,500 of 7.65% on first $118,500 paid income in wages 1.45% of income in excess 1.45% of wages paid in of $118,500 excess of $118,500 Self-Employed Rates 15.3% on first $118,500 of net profits 2.9% of net profits in excess of $118,500 The FICA taxes are $. (Type an integer or a decimal. Round to the nearest cent as needed.) You decide to work part-time at a local supermarket. The job pays $10.50 per hour and you work 19 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 7.85% for FICA taxes, and 3% for state taxes. Complete parts (a) through (1) below a. What is your weekly gross pay? The weekly gross pay is (Round to the nearest cent as needed)

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