Pat Maninen earns a gross salary of $3,000 each week. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. a. What are Pat's first week's deductions for Social Security and Medicare? Note: Round your answers to the nearest cent. Social Security Medicare Deductions b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? Note: Leave no cells blank - be certain to enter "O" wherever required. Social Security Exempt Medicare Non exempt
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- Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys net self-employment income is also 136,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.Pat Maninen earns a gross salary of $4,000 each week. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. a. What are Pat's first week's deductions for Social Security and Medicare? (Round your answers to the nearest cent.) Deductions Social Security Medicare b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? (Leave no cells blank - be certain to enter "O" wherever required.) Social Security MedicarePat Maninen earns a gross salary of $4100 each week. Assume a rate of 6.2% on $n8.500 for Social Security and 1.45% for Medicare a. What are Pat's first week's deductions for Social Security and Medicare? (Round your snowers to the nearest cent) Deductions Social security Medicare 59 45 b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? (Leave no cells blenk - be certain to enter "O" wherever required.) Exempt Non exempt Social security %24 Medicare
- Pat Maninen earns a gross salary of $4,600 each week. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare.a. What are Pat’s first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from Social Security and Medicare for the calendar year?Addison's earnings are subject to deductions for social security, medicare, and FIT. Addison's cummulative earnings are $142,000. This week Addison earns $1,900. Addison who is married, is paid weekly. Assume social security rate is 6.2% on 142,800 and 1.45% for Medicare. Addison's net pay for the week is: (use percentage table in handbook to calculate FIT):Cory Hunter's earnings are subject to deductions for Social Security, Medicare, and FIT. To date his cumulative earnings are $110,000. This week Cory earns $2,000. Cory, who is married, is paid weekly and files jointly. Assume the Social Security rate is 6.2% on a maximum of $ 142,800 and 1.45% for Medicare. Use percentage method to calculate FIT. His net pay for the week is ? A $1, 956.17 B $2, 036.60 C $1, 672.60 D $2,031.70
- Compute Darryl's total Social Security and Medicare taxes for the third quarter, if she is self-employed and earns $1,820.00 on a weekly basis. O $278.46 O $1,809.99 O $1,951.95 O $3,619.98Compute Austin's total social security and Medicare taxes for the fourth quarter. if she is self-employed and earns $5,300.00 on a semimonthly basis. (For self-employed persons, Social Security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.) the options are: a. 437.25 b. 810.90 c. 2623.50 d. 4865.40Calculate the Social Security and Medicare deduction for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (round your answer to the nearest cent.) Employee Cumulative Earnings before this pay period Pay Amount this Period Social Security Medicare Logan $128,300 $3,000
- What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,760.00, if she has already earned $46,560.00 this year? (Social security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.) a. $249.39 b. $257.04 c. $272.34 d. $287.64Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,100.00 on a semimonthly basis. (For self-employed persons, Social Security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.) $420.75 $780.30 $2,524.50 $4,681.80Dave Brown's cumulative earnings are $127,200 , and his gross pay for the week is $5,300 . If the FICA rates are: Social Security 6.2% and Medicare is 1.45% , what are his FICA-OASDI and FICA-Medicare taxes for the week? Assume the Social Security threshhold is $128,400. it is multilple choices question. the choices are: A)$74.40;$17.40 B)$0;$76.85 C)74.40;76.85 D)$328.60;76.85