Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 20, 2024

I need help finding the medicare & social security I don't think my answers are correct please & thank you Caroline Krause earned a salary

image text in transcribed

I need help finding the medicare & social security I don't think my answers are correct please & thank you

Caroline Krause earned a salary of $1,000,000. Instructions: Enter your answers to parts a and brounded to 2 decimal places. a) How much Social Security tax did she pay? $ 8239.80 b) How much Medicare tax did she pay? $ 21700 C) What is her marginal tax rate on her federal personal income tax? 37 %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting The Basis For Business Decisions

Accounting The Basis For Business Decisions

Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner

International 11th Edition

007115809X, 978-0071158091

More Books

Students also viewed these Accounting questions

Question

★★★★★

Under what conditions of bond issuance does a discount on bonds payable arise? Under what conditions of bond issuance does a premium on bonds payable arise?

Answered: 1 week ago

Question

★★★★★

What accounting concepts require that adjusting entries be employed?

Answered: 1 week ago

Question

★★★★★

=+a) Cut the runs to 8 by testing only the new detergent. Compare the results to results on the standard detergent published by the manufacturer.

Answered: 1 week ago

Question

★★★★★

International Tile Importers Inc. is a rapidly growing firm that imports and markets floor tiles from around the world. The tiles are used in the construction of custom homes and commercial...

Answered: 1 week ago

Question

★★★★★

Please answer this 2 part question. Thanks! Required information [The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following...

Answered: 1 week ago

Question

★★★★★

A study published in JAMA in 2004 examined past results of other studies on bariatric surgery. Bariatric surgery is done to replace the size of the stomach in various ways. It is typically used on...

Answered: 1 week ago

Question

★★★★★

Using a sample space S = {1, 2, 3, 4} with Pr(i) = 1/4 and A = {1, 2} find examples of events B,C and D where Pr(A | B) Pr(A). Let E = {1, 2, 3}, F = {2,...

Answered: 1 week ago

Question

★★★★★

Question 2 Bramble Ltd. is authorized to issue 10,000, $6 noncumulative preferred shares. On January 13, it issued 2,700 preferred shares for $85 cash per share. Prepare the journal entry to record...

Answered: 1 week ago

Question

★★★★★

Mackenzie Corp. is preparing the December 31, 2023, year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability $ 6,650 Income tax expense Mortgage...

Answered: 1 week ago

Question

★★★★★

A driver in a moving car applies the brakes. The car slows to a final speed of 2.95 m/s over a distance of 40.0 m and a time interval of 7.70 s. The acceleration while braking is approximately...

Answered: 1 week ago

Question

★★★★★

2. (40 pts) The Howard County Hospital is assessing its Emergency Department (ED) capacity so it knows how to expand as the county population grows. The hospital has the following information about...

Answered: 1 week ago

Question

★★★★★

2. What factors infl uence our perceptions?

Answered: 1 week ago

Question

★★★★★

4. Does mind reading help or hinder communication?

Answered: 1 week ago

Question

★★★★★

3. How does the self-serving bias aff ect the accuracy of our perceptions?

Answered: 1 week ago

Previous Question Next Question