Question

1.)Jenna earns $16,250 per year. She pays 6% of her earnings to her pension fund. Her health insurance costs $81.50 per month and she has $55 taken from her monthly paycheck for savings. What are her total deductions for the year?
=a.)$2,613
b.)$1,625
c.)$815.50
2.)Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
a.)$19.80 state; $7.92 city =b.)$9.93 state; $3.97 city
c.)$99.25 state; $39.77 city
3.)William Bennett earns $12,800 per year. He is paid 12 times per year and claims 1 exemption. His state taxes him at a 3% rate. How much tax is withheld per pay period?
a.)$128
b.)$12.80
=c.)$30
4.)Henry Fordman earns $20,490 per year. He is paid 26 times per year and claims 4 exemptions. His city taxes him at a rate of 4%. How much tax is withheld per pay period?
=a.)$26.60
b.)$20.49
c.)$200.49

Answer 1

1. Total = 0.06 * 16250 + 12 * 81.50 + 12 * 55 = 975 + 978 + 660 = 2613.

2. Answer:b.

3. 0.03 * 12800/12 = 32 / mo.

4. Tax = 0.04 * 20490 / 26 = 31.52.

I don't know how much to allow for the exemptions.

Answer 2

Beth Pittman earns $12,558 per year. She is paid 52 times per year and claims 2 exemptions. If $8.85 in taxes is withheld from each paycheck, at what rate is she taxed?

Answer 3

Muhammad Chabali earns $13,600 per year. He is paid 12 times per year and claims 2 exemptions. His city and state combined tax him at a rate of 10%. How much tax is withheld per pay period?

Answer 4

Where applicable, assume each exemption is worth $800.

3.)William Bennett earns $12,800 per year. He is paid 12 times per year and claims 1 exemption. His state taxes him at a 3% rate. How much tax is withheld per pay period?
a.)$128
b.)$12.80
c.)$30 -- correct answer --

1*800=800
12800-800=12000
12000*0.03=360
360/12=30

Answer 5

Where applicable, assume each exemption is worth $800.

4.)Henry Fordman earns $20,490 per year. He is paid 26 times per year and claims 4 exemptions. His city taxes him at a rate of 4%. How much tax is withheld per pay period?
a.)$26.60 -- correct answer --
b.)$20.49
c.)$200.49

4*800=3200
20490-3200=17290
17290*0.04=691.6
691.6/26=26.6