A weekly payroll register shows that Louise Price had total wages of 460 . She had deductions of 35.19 for FICA tax, 54 for federal income tax, and 16 for medical insurance. Compute Price's net pay.
Q. 2Compute the dollar amount of interest that will be earned per year for four bonds listed as Kvr 7 s12 and one bond listed as LMC 8s17.
Q. 3A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Jennifer Souza is a student who works part time. Since she is claimed on her parents' return as a dependent, she claims zero exemptions. How much of Souza's monthly wages of 750 is taxable?
Q. 4Compute the dollar amount of interest that will be earned per year for three bonds listed as Hertz 8.4s15 and two bonds listed as Cmz 9s18.
Q. 5A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Sadie Kun, has a monthly salary of 2,740, and claims only herself. Compute Kun's taxable income per month.
Quick Reply
