Becky, who is pregnant, works for an organization called Publix with more than 100 employees. She lives 20 miles away from work. By federal law, she is entitled to of unpaid leave after her child is born. 12 days 56 days 12 weeks 30 weeks 11 months
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- Asher Perkins, a 35-year-old computer programmer, earns $94,000 a year. His monthly take-home pay is $4,950. His wife, Ellie, works part-time at their children's elementary school but receives no benefits. Under state law, Ellie's employer contributes to a workers' compensation insurance fund that would provide $1,500 per month for six months if Asher were disabled and unable to work. Calculate Asher's disability insurance needs, assuming that he won't qualify for Medicare under his Social Security benefits. Round your answer to the nearest whole. $ Based on your answer in part a, what would you advise Asher about his need for additional disability income insurance? Discuss the type and size of disability income insurance coverage he should consider, including possible provisions he might want to include. What other factors should he take into account if he decides to purchase a policy?Jermaine Watson is a single father with a son, Jamal, who qualifies as a dependent. They live at 5678 SE Stark St., Portland, OR 97233. Jermaine works at first bank of Oregon. Jamaal attends school and at the end of the school day he goes to a dependent care facility next-door to his school, where Jermaine picks him up after work. Jermaine pays $800 per month to the care facility (Portland Day Care, 4567 SE Stark St,. Portland, OR 97233. EIN 90-654-3210). Jermaine's W-2 from the first bank of Oregon is as follows: Wages (box 1) = $71,510.00 Federal W/H (Box 2) = $3,197.00 Social Security wages (box 3) = $71,510.00 Social Security W/H (box 4) = $4,433.62 Medicare wages (Box 5) = $71,510.00 Medicare W/H (Box 6) = $1,036.90 State Income Taxes (Box 17) = 1,134.90 Jermaine takes one class a semester at Portland State University towards an MBA degree. In 2019, he paid $1300 in tuition, $300 for books and $200 for a meal card. Jermaine has some investments in a New Zealand public…Stacy was a stay-at-home mom for most of her adult life. At age 45, she started working outside the home. Each year she earns the maximum number of Social Security credits. Until what age must she work to qualify to receive Social Security benefits when she retires? *
- Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $170 per week for 42 weeks during the current year. Do not round immediate computations and round your final answers to two decimal places. a. What is the employer's portion of Social Security and Medicare tax for the nanny that Ann should pay when she files her Form 1040 for 2018?$ b. What is the nanny's portion of the Social Security and Medicare tax?$Lorenzo Ricci, a 38-year-old computer programmer, earns $85,000 a year. His monthly take-home pay is $5,250. His wife, Siena, works part-time at their children's elementary school but receives no benefits. Under state law, Lorenzo’s employer contributes to a workers' compensation insurance fund that would provide $1,400 per month for six months if he were disabled and unable to work. Calculate Lorenzo’s disability insurance needs assuming that he won't qualify for Medicare under his Social Security benefits. Round your answer to the nearest whole. ___________________________. Based on your answer, what would you advise Lorenzo about his need for additional disability income insurance? Discuss the type and size of disability income insurance coverage that he should consider, including possible provisions that he might want to include. What other factors should he take into account if he decides to purchase a policy?…In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $75,900 and incurred $10,675 of child care expenses. Determine amount of Ivanna and Sergio's child and dependent care credit.
- Debra has two children under the age of 13 and she works full-time. Debra pays $7.600 in qualified dependent expenses. Her wages are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment reduces Debra's taxable wages to $32.700. How much is Debra's child and dependent care credit? Child and dependent care credit $Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $48,300 and incurred $9,125 of child care expenses. Determine Ivanna and Sergio's child and dependent care credit. $_________Leon Martin is single and has never been married. Leon earned wages of $23,000 during the first half of the year. Leon lost his job in July and received a total of $9,000 in unemployment compensation. Leon is a barber and took a class at the community barber college to improve his barbering skills. He paid the cost of tuition and a course-related book. His qualified education expenses were $2,500. Leon also paid student loan interest for the courses he previously took to earn his Bachelor’s degree. For 2022, he paid student loan interest of $550. Leon does not have any dependents. Leon is a U.S. citizen with a valid Social Security number. 11. What is the taxable amount of Leon's unemployment compensation? A. $0 B. $4,500 C. $9,000 D. $10,200
- Pam is separated from her husband, Ted. Ted moved to an apartment in the same city two years ago, but they have not finalized their divorce yet. They live in a common law state. They have one daughter, Rainey, who is eight years old and lives with Pam most of the time. She spends every other weekend and usually one week night with her father. Ted works for XYZ International. He earned a salary of $96,000 for the current year. His salary was his only source of income. Pam works for ABC Corp. as an accountant. Her salary for the current year was $88,000. ABC is a great place to work. Pam’s health insurance (valued at $4,800 per year) and $6,000 in childcare benefits are provided by ABC Corp. She even received a Christmas bonus of $2,500 in addition to her salary. She held on to the check until January when she cashed it to use on a ski vacation for her and Rainey. Pam slipped and fell at work. She had to undergo surgery on her ankle. She received worker’s compensation benefits…Leon Martin is single and has never been married. Leon earned wages of $23,000 during the first half of the year. Leon lost his job in July and received a total of $9,000 in unemployment compensation. Leon is a barber and took a class at the community barber college to improve his barbering skills. He paid the cost of tuition and a course-related book. His qualified education expenses were $2,500. Leon also paid student loan interest for the courses he previously took to earn his Bachelor’s degree. For 2022, he paid student loan interest of $550. Leon does not have any dependents. Leon is a U.S. citizen with a valid Social Security number. 11. What is the taxable amount of Leon's unemployment compensation? 12. Leon is eligible to claim the Lifetime Learning Credit. 13. Leon can deduct $550 of student loan interest as an adjustment to his income. True FalseMargaret, age 65, and John, age 62, are married with a 23 -year-old daughter who lives in their home. They provide over half of their daughter's support, and their daughter earned $4,100 this year from a part-time job. Their daughter is not a full-time student. The daughter can/cannot be claimed as a dependent because: She cannot be claimed because she is over 19 and not a full-time student. She can be claimed because she is a qualifying child. She can be claimed because she is a qualifying relative. She cannot be claimed because she fails the gross income test.