Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If I am head of household with one dependent and I have earned a salary of $63,137. Had $4,230 withheld $4,987 in state taxes, what

If I am head of household with one dependent and I have earned a salary of $63,137. Had $4,230 withheld $4,987 in state taxes, what would my social security and medicare taxes be? Also, where would this go on my tax return?

Step by Step Solution

3.40 Rating (172 Votes )

There are 3 Steps involved in it

Step: 1

FICA taxes are calculated as follows Salary earned 6313700 A Social security tax ... 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

Financial Algebra advanced algebra with financial applications

Authors: Robert K. Gerver

1st edition

978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670

More Books

Students also viewed these Accounting questions