Hey everyone! I would really appreciate some help with a couple of math problems I am having trouble with - I am terrible at math. Here are the problems I need help with:
State Disability Deduction: Donna Laughman is paid
8% comminsion on sales. During a recent pay period,
she had sales of $19,482 and returns and allowances of
$193. Find the amount a) her Social Security tax, (b) her
Medicare tax, and (c) her state disability for this pay
period. (The FICA rate is 6.2%, the Medicare rate is
1.45%, the SDI rate is 1%, and the earnings will not
exceed $31,800).
** I need the answers to show how the calculations were gathered. I can't just have the answers; I have to show how I got them.**
Here's another one:
The following problem refers to a self-employed individual.
This person pays a Social Security tax of 12.4% and
Medicare tax of 2.9%. Find both of the taxes on the following
annual adjusted earning: $29,104.
Thx!!
2007-05-26
07:52:24
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3 answers
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asked by
Anonymous
in
Mathematics