g has AGI of $50,000 and paid the following taxes during this tax year. State income tax withholding $ 1,600 State income tax estimated payments 980 Federal income tax withholding 3,400 Social Security tax withheld from wages 2,180 Medicare tax withheld from wages 540 Federal income tax paid with filing of last year's income tax return (in April of this year) 370 Local sales tax paid 660 Calculate how much Sanora can deduct for taxes as an itemized deduction this year.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.