SOLUTION: Please, I need help checking my answer.
Here is the problem:
Nancy is single and claims one exemption. She earns $3,400 a month. A health insurance premium of $50 and a denta
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Here is the problem:
Nancy is single and claims one exemption. She earns $3,400 a month. A health insurance premium of $50 and a denta
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Question 882456: Please, I need help checking my answer.
Here is the problem:
Nancy is single and claims one exemption. She earns $3,400 a month. A health insurance premium of $50 and a dental premium of $25 are deducted from her earnings. Find Nancy's net pay. Use the tax rate of 7.65% for FICA, and use the percentage method to find FIT. Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! Assuming: A health insurance premium of $50 and a dental premium of $25 are
pre-tax excemptions
.0765(3400-75) = FICA tax deduction
