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DerKrebs [107]
1 year ago
9

A high school student working part-time as a cashier had a gross income of $6727 last year. If his federal tax rate was 10% and

his state tax rate was 4.3%, what was the amount withheld from his pay last year in federal tax, state tax, and FICA combined?
Business
1 answer:
8_murik_8 [283]1 year ago
3 0

Federal tax rate = 10%

State tax rate = 4.3%

Social security = 6.2%

Medicare = 1.45%

Total deductions = 21.95%

Amount withheld = 21.95%*6727 = $1476.58

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c. 6.0 times

Explanation:

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= $20,000 ÷ 6,000

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the project fits to the organization strategy.

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Jel Sert Company makes convenient, durable, and eye-catching packaging. Its salesperson is demonstrating to a manufacturer of sp
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Sales presentation

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3 0
1 year ago
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A bank currently has $150 million in "hot money" deposits against which it wants to hold an 80 percent reserve and $90 million i
Lyrx [107]

Answer:

The right response is "141.7875".

Explanation:

According to the question,

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=  0.8\times 150+0.3\times 90+0.05\times 45

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=  149.25

Deductions will be:

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now,

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=  149.25-7.4625

=  141.7875

8 0
1 year ago
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