subject
Mathematics, 25.03.2020 21:48 SPDrac0

Use the 2016 FICA tax rates in the table below to solve the problem. Round your answer
to the nearest dollar.
TABLE 8.2 2016 FICA Tax Rates
Matching Rates Paid by
Employee's Rates
the Employer
Self-Employed Rates
7.65% on first $118,500 7.65% on first $118,500 15.3% on first $118,500
of income
paid in wages
of net profits

1.45% of income in
excess of $118,500
1.45% of wages paid in
excess of $118,500
2.9% of net profits in
excess of $118,500
If you are self-employed and earn $186,500, what are your FICA taxes?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
If the measure of angle 1 is 110 degrees and the measure of angle 3 is (2 x+10 degree), what is the value of x?
Answers: 2
question
Mathematics, 21.06.2019 20:50
Determine the common ratio and find the next three terms of the geometric sequence. 649-14-02-00-00_files/i0100000, 649-14-02-00-00_files/i0100001, 2, a. 3; 649-14-02-00-00_files/i0100002, 649-14-02-00-00_files/i0100003, 649-14-02-00-00_files/i0100004. c. 649-14-02-00-00_files/i0100005; 649-14-02-00-00_files/i0100006, 649-14-02-00-00_files/i0100007, 649-14-02-00-00_files/i0100008. b. 3; 6, 18, 54 d. 649-14-02-00-00_files/i0100009. 6, 18, 54 select the best answer from the choices provided a b c d
Answers: 1
question
Mathematics, 21.06.2019 21:30
Name and describe the three most important measures of central tendency. choose the correct answer below. a. the mean, sample size, and mode are the most important measures of central tendency. the mean of a data set is the sum of the observations divided by the middle value in its ordered list. the sample size of a data set is the number of observations. the mode of a data set is its highest value in its ordered list. b. the sample size, median, and mode are the most important measures of central tendency. the sample size of a data set is the difference between the highest value and lowest value in its ordered list. the median of a data set is its most frequently occurring value. the mode of a data set is sum of the observations divided by the number of observations. c. the mean, median, and mode are the most important measures of central tendency. the mean of a data set is the product of the observations divided by the number of observations. the median of a data set is the lowest value in its ordered list. the mode of a data set is its least frequently occurring value. d. the mean, median, and mode are the most important measures of central tendency. the mean of a data set is its arithmetic average. the median of a data set is the middle value in its ordered list. the mode of a data set is its most frequently occurring value.
Answers: 3
question
Mathematics, 21.06.2019 21:50
Scores on a university exam are normally distributed with a mean of 78 and a standard deviation of 8. the professor teaching the class declares that a score of 70 or higher is required for a grade of at least “c.” using the 68-95-99.7 rule, what percentage of students failed to earn a grade of at least “c”?
Answers: 1
You know the right answer?
Use the 2016 FICA tax rates in the table below to solve the problem. Round your answer
to the...
Questions
question
Mathematics, 21.04.2021 16:10
question
Mathematics, 21.04.2021 16:10
question
Mathematics, 21.04.2021 16:10
question
Business, 21.04.2021 16:10
Questions on the website: 13722362