What is $37.20
$1,131.81
What is $41,595
What is medicare.
What is $57.78
What is social security tax.
What is $4,850 and $9,700
What is Federal Income Tax or withholding tax..
What is fringe benefits.
Flat Rate
What is $16.60
What is $757.32
Adjusted Gross Income
Net Pay
What is $65,170
What is $8.65
What is $1,686
What is Employee Benefits or Fringe Benefits
What is/are medical insurance, dental, union dues, 401K or charitable contributions.
What is graduated income tax.
What is pay before taxes and deductions.
What is Total Job Benefits
$3,100
What is pay after taxes and deductions.
What is Total Job Benefits.
Net pay on gross pay of $950 and deductions of $120 in Federal Income Tax and FICA at 7.65%.
Another name for employee benefits.
This equals Gross Pay + Employee Benefits
This deduction is involuntary and it is 6.2% on the first $87,900 that your make in one year.
This is an involuntary deduction which is 1.45% of your gross income no matter how much you make.
Medicare Tax on weekly wages of $1,145.
Social Security tax on weekly wages of $600
use page 55 in your text to find my Tax Due if I'm single and have a taxable income of $13,601
My taxable income if I have an Adjusted Gross Income of $50,000 with a Standard Deduction of $4,850 with one exemption.
This equals Gross Income minus Adjustments to Income
The amount used for each exemption.
The amount of City Income Tax at a flat rate of 3.1% on $36,510 Federal Taxable Income
Wages plus any fringe benefits
Another name for a fixed rate when figuring State or City Income taxes
Gross pay defined...
My Net Job Benefits if my gross pay is $36,500 and my yearly benefits is 23% of my gross pay and job expenses of $3,300,
The amounts allowed for a standard deductions for an individual and a married couple filing jointly
Net pay/Take home pay defined...
This is a sytem of state tax that involves different tax rates for each of several levels of income.
My Total Job Benefits if my gross pay is $49,000 and my yearly benefits is 33% of my gross pay.
The federal government requires employers to deduct this from employee wages.
The use of a company car, paid holidays, vacation timed and free parking
Subtract deductions from gross pay.
Total FICA tax on a weekly wage of $755 .