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FINANCIAL PLANNING PROBLEMS All Financial Planning Problems are available in MyLab Fir Tax Calculations. Alyssa makes $450 per week. How much will be withheld
FINANCIAL PLANNING PROBLEMS All Financial Planning Problems are available in MyLab Fir Tax Calculations. Alyssa makes $450 per week. How much will be withheld from her weekly check for Social Security tax? Medicare tax? Total FICA taxes? 2. FICA Contributions. Brian makes $27,000 per year. How much can he expect to contribute to FICA taxes in 2018? How much will his employer contribute? (3. Capital Gains Tax. Stephen's salary is $34,000 in 2018. In 2018, he sold stock that he had held for nine months for a gain of $1,900 How much tax must he pay on this capital gain? How much would the tax be if he had held the stock for thirteen months? .Deductions. Emily and Paul are married and will file a joint return for 2018. The standard deduction for their filing status is $24,000. They have the fol- lowing itemized deductions: Medical bills above the 7.5% limit Mortgage interest State income taxes Charitable contributions $400 3,500 1,500 250
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