Question
Jacob Turner hired Jen Hatcher as a housekeeper starting on January 2 at $361 per month. Jacob does not withhold any federal taxes. Assume that
Jacob Turner hired Jen Hatcher as a housekeeper starting on January 2 at $361 per month. Jacob does not withhold any federal taxes. Assume that Jen is not a housekeeper for anyone else. Assume Jacob paid $1,083 in wages for the fourth quarter of 2016.
a. How much in social security tax should Jacob pay? Social Security tax =
b. How much in Medicare tax should Jacob pay? Medicar tax =
c. How much in FUTA tax should Jacob pay? FUTA Tax =
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Forensic Analytics Methods And Techniques For Forensic Accounting Investigations
Authors: Mark J. Nigrini
1st Edition
0470890460, 978-0470890462
