Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kendal earns $78,400 at his job at Macy's. He also has written a best-selling book titled Why you should not work at Macy's. He has

Kendal earns $78,400 at his job at Macy's. He also has written a best-selling book titled "Why you should not work at Macy's". He has earned $108,000 from book sales. Using $132,900 as a maximum for OASDI, how much should he pay in SECA taxes for OASDI?

Question 27 options:

$6,696

$6,758

$9,721.60

$13,392

$16,479.60

Question 28

Referring to Kendal, how much should he have to pay in SECA taxes for HI for his self-employment earnings?

Question 28 options:

$790.25

$1,136.80

$1,580.50

$2273.60

$3,132.00

Question 29

Using $132,900 as the maximum taxable wage for OASDI (6.2%), what would be the tax for this pay period for Afriani. Previously Afriani had earned #130,000. This pay period Afriani earned $2,800.

Question 29 options:

$0

$155

$173.60

$179.80

$210.80

Question 30

Using $132,900 as the maximum taxable wage for OASDI (6.2%), what would be the tax for this pay period for Moua. Previously Moua had earned #131,000. This pay period Moua earned $3,700.

Question 30 options:

$0

$97.20

$111.60

$117.80

$235.60

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

The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up

Authors: J.P. Russell

2nd Edition

1636941303, 978-1636941301

More Books

Students also viewed these Accounting questions