Personal finance Taxes

Name: Class Period: Calculations. Explain and show all work and reasoning. Use this paystub to help answer the following questions. Assume this is a typical weekly check. This is the 30th of the 52 weekly checks Sylvia will receive this year. Courtland Farm Manor, LLC 32145 Courtland Farm Lane, Aldie VA 20105 EARNINGS STATEMENT EMPLOYEE NAME SSN EMPLOYEE ID CHECK NO. PAY PERIOD PAY DATE SYLVIA MOREIRA XXX-XX-4454 4454 55643 07/17/2019 - 07/24/2019 07/26/2019 INCOME RATE HOURS CURRENT TOTAL DEDUCTIONS CURRENT TOTAL YEAR-TO-DATE Regular 10.00 33.00 330.00 FICA MED TAX 4.79 143.70 FICA SS TAX 20.46 613.80 FED TAX 34.60 1038.00 VA ST TAX 18.98 569.40 WWW.THEPAYSTUBS.CO YTD GROSS YTD DEDUCTIONS YTD NET PAY CURRENT TOTAL CURRENT DEDUCTIONS NET PAY 9900.00 2364.90 7535.10 330.00 78.83 251.17Name: Class Period: 6. Will she need to file taxes? Explain. DX su docs warned arough, she need can 12, 950 7.) If she files and takes the standard deduction of $12,950, how much is her taxable income? 8. If her effective tax rate was 11% of her taxable income in federal taxes, how much is that? X 0.11 = 32806 9. Use your answers in questions 4 and 8. Will she get a refund or still owe tax? How much? 10. Sylvia will end up paying $986.96 in state taxes and should have only paid $242.08. Will she get a state refund or still owe state income tax? How much? Pafund of how