If you are not self-employed and earn 186,500 what are your FICA taxes
Use the aties below to solve the problem. Round dollar amounts to the nearest cant and percents to the nearesten You decide to work part-time at a local supermarket. The job pays $1.80 per hour and you work 21 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 7.0 for FICA and 4 for sale (a) What is your weekly gross pay? b) How much is withheld per week for federal taxes? (c) How much is withhold per week for FICA taxes? (How much is withheld per week for state taxes? (e) What is your weekly net pay? What percentage of your gross pay is withheld for taxes? Click here to view the table for the 2018 marginaltares standard deductions, and is Click here to view the table for the 2016 FICA tax rates A) 5224 81 b) 3730 c) 514 14 (d) $18.48 (0) 518480 (1) 0.2% OB. (a) $184.00 b) $18.48 c) 314.14 (d) 5730 (a) 514470 217 OC (a) 1224.81 b) $18.48 c) 16.14 (d5739 00217 OD. (a) $184.80 Click to select your answer TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Usarried Married and tak diversal, para files legally separated separate texture Married and both Partners file single for return Urried and paying Mort thus half the cost of supporting skill or partiet Tax Rate Married Filing Separately 10% 15% up to $9275 25% Single up to $9275 $9276 to $37.650 $37,651 to $91,150 $91,151 to $190,150 $190,151 to 5413,350 $413,351 to $415,050 more than $415,050 Married Head of Filing Jointly Household up to $18.550 up to $13.250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 151,901 to $231,450 $130,151 to $210.800 $231,451 to 5413,350 $210,801 to 5413,350 $413,351 to $466,950 $413,351 to $441,000 more than $466,950 more than $441,000 $9276 to $37,650 $37,651 to $75,950 $75,951 to $115.725 $115,726 to $206,675 $206,676 to $233,475 more than $233,475 28% 33% 35% 39.6% $6300 $6300 $12,600 $9300 Standard Deduction Exemptions (per person) $4050 $4050 $4050 $4050 Print Done i 2016 FICA tax rates TABLE 8.2 2016 FICA Tax Rates Matching Rates Paid by Employee's Rates the Employer 7.65% on first $118,500 7.65% on first $118,500 of income paid in wages 1.45% of income in 1.45% of wages paid in excess 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 . Print Done Use the aties below to solve the problem. Round dollar amounts to the nearest cant and percents to the nearesten You decide to work part-time at a local supermarket. The job pays $1.80 per hour and you work 21 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 7.0 for FICA and 4 for sale (a) What is your weekly gross pay? b) How much is withheld per week for federal taxes? (c) How much is withhold per week for FICA taxes? (How much is withheld per week for state taxes? (e) What is your weekly net pay? What percentage of your gross pay is withheld for taxes? Click here to view the table for the 2018 marginaltares standard deductions, and is Click here to view the table for the 2016 FICA tax rates A) 5224 81 b) 3730 c) 514 14 (d) $18.48 (0) 518480 (1) 0.2% OB. (a) $184.00 b) $18.48 c) 314.14 (d) 5730 (a) 514470 217 OC (a) 1224.81 b) $18.48 c) 16.14 (d5739 00217 OD. (a) $184.80 Click to select your answer TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Usarried Married and tak diversal, para files legally separated separate texture Married and both Partners file single for return Urried and paying Mort thus half the cost of supporting skill or partiet Tax Rate Married Filing Separately 10% 15% up to $9275 25% Single up to $9275 $9276 to $37.650 $37,651 to $91,150 $91,151 to $190,150 $190,151 to 5413,350 $413,351 to $415,050 more than $415,050 Married Head of Filing Jointly Household up to $18.550 up to $13.250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 151,901 to $231,450 $130,151 to $210.800 $231,451 to 5413,350 $210,801 to 5413,350 $413,351 to $466,950 $413,351 to $441,000 more than $466,950 more than $441,000 $9276 to $37,650 $37,651 to $75,950 $75,951 to $115.725 $115,726 to $206,675 $206,676 to $233,475 more than $233,475 28% 33% 35% 39.6% $6300 $6300 $12,600 $9300 Standard Deduction Exemptions (per person) $4050 $4050 $4050 $4050 Print Done i 2016 FICA tax rates TABLE 8.2 2016 FICA Tax Rates Matching Rates Paid by Employee's Rates the Employer 7.65% on first $118,500 7.65% on first $118,500 of income paid in wages 1.45% of income in 1.45% of wages paid in excess 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 . Print Done
