Question
Redford's salary was $144,000 in 2021. What would his total combined FICA tax (Social Security & Medicare) withheld from his salary be for the year?
Redford's salary was $144,000 in 2021. What would his total combined FICA tax (Social Security & Medicare) withheld from his salary be for the year? a. $11,016.00 b. $10,941.60 c. $10,625.40 d. $10,182.80 e. None of these
Mark has two jobs during 2021. One employer withheld and paid FICA taxes on $81,200 of Mark's salary and the other employer withheld and paid FICA taxes on $63,800 in salary paid to Mark. Calculate the amount of Mark's credit for the overpayment of Social Security taxes that he should claim on his 2021 Form 1040.
The Foemina Corporation deferred $17,600 of the employee portion of payroll taxes in 2020 under the payroll tax deferral COVID-19 provisions. How much of the deferred tax is Foemina required to pay in 2021 and by when?
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