$21 per paycheck $1092 per year

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Sally is married with one allowance. She makes $390.50 each week. How much is withheld from each paycheck for Federal Taxes? How much is withheld for an entire year?

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Sally is married with one allowance. She makes $390.50 each week. How much is withheld from each paycheck for Federal Taxes? How much is withheld for an entire year?. $21 per paycheck $1092 per year. - PowerPoint PPT Presentation

Transcript of $21 per paycheck $1092 per year

Page 1: $21 per paycheck $1092 per year

Sally is married with one allowance. She makes $390.50

each week. How much is withheld from each paycheck

for Federal Taxes? How much is withheld for an entire year?

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$21 per paycheck$1092 per year

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Chuck is single and has 5 allowances. He brings

home $563.20 per week. How much will he get taken out in Federal

Taxes in a YEAR?

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$1456 per year

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Bertha makes $1832.20 semimonthly. She is single and claims 2

allowances. How much will she get withheld for

Federal taxes each week?

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$115 per week

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Dan is married and makes $2087 biweekly. If he claims 3 allowances, how much is taken out for Federal Taxes per

PAYCHECK?

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$202 per paycheck

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Frank earns $57,900 annually. If he is single and has 3 dependents, how much will he claim

as personal exemptions?

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$3,600 in exemptions

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Monica earns $63,840 annually. She is married and has 2 dependents.

Her state tax rate is 3.7%. How much will get withheld for state taxes

per year?

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$2199.28 per year

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Conor earns $217 per week. He is single and has one dependent. His state tax rate is 3.2%.

How much will be withheld from EACH PAYCHECK for state

taxes?

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$5.59 per paycheck

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Tony makes $21,350 per year. He is married and has one dependent. Use the State Tax Rate Table

on page 122 to determine how much is withheld per year for

state taxes.

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$797.50 per year

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Mary is paid semimonthly. She makes $1421 per pay period. She is single and has two dependents. Use the State Tax Rate table on page 122 to determine how much is withheld for state

taxes per PAYCHECK.

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$61.47 per paycheck

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Shelly made $4789 so far this year. If the Social

Security tax rate is 6.2%, how much has Shelly had

to pay out so far?

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$296.92 so far

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Junior earns $45,440 a year. How much is

deducted per year for Social Security (6.2%) and Medicate (1.45%)

combined?

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$3476.16 per year

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Jorge is married, earns $526 weekly and claims no

allowances. His gross pay to date this year is $9,912. How much is deducted from his paycheck this week for

federal income, social security (6.2), and medicare

(1.45)?

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$89.24 is deducted

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Shaina’s annual health insurance plan is $6,000. Her employer pays 80%.

How much will Shaina pay in one year for her

insurance?

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$1200 a year

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Fred’s annual group insurance costs $9,345. His employer pays 60% of the cost. How much

does Fred pay per PAYCHECK if he is paid

biweekly.

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$143.77 per paycheck

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Catherine earns $342.42 weekly. Her group medical insurance costs $2,650 a

year, of which the company pays 70% of the costs. How

much is deducted weekly from her paycheck for

medical insurance?

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$15.29 per paycheck

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Ralph is married and claims 2 allowances. His gross

weekly salary is $450. Each week he pays federal, social

security, and medicare taxes, $11.20 for medical insurance, and $5 for the

credit union. What is his net pay?

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$377.37 after taxes

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Orville earns $30,000 a year. He is single, claims 3

allowances and has 2 dependents. Weekly

deductions include $14.50 for medical insurance,

federal taxes, state taxes (3.1%), Medicare, and Social

Security. What is his net pay?

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$453.40 after taxes