What are pat first weeks deductions for social security

Assignment Help Finance Basics
Reference no: EM13267070

Pat Maninen earns a gross salary of $3,000 each week. What are Pat's first week's deductions for Social Security and Medicare? Will any of Pat's wages be exempt from Socail Security and Medicare for the calendar year? Assume a rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare.

Reference no: EM13267070

Questions Cloud

What is len income tax : Len Mast earned $2,200 for the last 2 weeks. He is married, is paid biweekly, and claims 3 exemptions. What is Len's income tax? Use the percentage method.
How to determine the value of kc for the reaction : Determine the value of Kc for the following reaction if the equilibrium concentrations are as follows: [N2]eq = 3.6 M, [O2]eq = 4.1 M, [N2O]eq = 3.3 × 10-18 M.
Explain what is the internal rate of return of a project : What is the internal rate of return of a project that has an initial outlay of $150,000 and net cash flows of $40,000 for 5 years?
What is receive snr at 100m distance assuming free space : consider a system with a 0.1mw transmit power unit gain for the transmit and receive antennas operating at 50 mhz carrier frequency with a 100khz bandwidth.the system operates in a suburban environment.
What are pat first weeks deductions for social security : What are Pat's first week's deductions for Social Security and Medicare? Will any of Pat's wages be exempt from Socail Security and Medicare for the calendar year? Assume a rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare.
Case study:slices of teaching life : Cases depict "slices of teaching life" an array of exceptionalities
Explain the density of the solution in g/cc and lbm/gal : A sodium chloride solution is made at 68 deg F that contains 16.28 g of NaCl in 100 cc of fresh water. The fresh water density is 0.9982 g/cc. What is the density of the solution in g/cc and Lbm/gal
Calculate the average angular speed of the planet : A day on a distant planet observed orbiting a nearby star is 31.7 hours. Also, a year on the planet lasts 79.5 Earth days.* Calculate the average angular speed of the planet
Find the angular displacement of the tub : During the spin cycle of your clothes washer, the tub rotates at a steady angular velocity of 32.7 rad/s. Find the angular displacement of the tub

Reviews

Write a Review

Finance Basics Questions & Answers

  What types of risks should shareholder wealth-maximizing

What types of risks should shareholder wealth-maximizing managers seek to offset in a firm they are managing? Why?

  What is the holding period return of this bond

The investor expects that six months later the bond will be selling to offer a yield to maturity of 6.6%. What is the holding period return of this bond? Assume semiannual compounding.

  What interest was credited to roger account

What interest was credited to Roger's account on June 30 ? The brokerage firm includes interest for both January 1 and June 30 in the June 30 payment. Assume that Febuary has 28 days.

  Full-time and part-time implications

What implications do these changes have for employee motivation and involvement in organization? What lessons must people seeking jobs learn from experiences of these employees?

  Compute expected price of the stock in a year

A Corporation will pay a $2 per share dividend in one year. The dividend in 2 years will be $4 per share, and it is expected that dividends will grow at 5% each year thereafter.

  Describing foreign exchange market

Assume that the Euro is selling for US$1.10 per 1 Euro or "120 Yen per Euro", and the yen is 100 Yen per $US1. Demonstrate the particular trades which you would use to make money, and compute how much money you would make.

  Speculating in currency derivatives

Determine the dollar amount of your profit or loss from buying a call option contract specifying C$100,000. Determine the dollar amount of your profit or loss from buying a futures contract specifying C$100,000.

  Determining implied returns

Assume you sell for $100,000 a 10 percent ownership stake in a future payment one year from now of $1.5 million. What are you saying about the implied return for the 10 percent owner? aWhat is the present value of the entire $1.5 million, using the i..

  What is the dollar amount of each semiannual coupon payment

A bond has a par value of $1000 and currently sells for $987. The bond's coupon rate is 7.9% and coupon payments are made semiannually. What is the dollar amount of each semiannual coupon payment? Round to the nearest dollar.

  What are the bond-equivalent and discount yields

However, the treasurer wants to know the money market yield on this instrument to make it comparable to the T-Bills and CDs she has already bought. If the term of the instrument is 90 days, what are the bond-equivalent and discount yields on this ..

  Equity and debt percentages and eps and stock price

How do you determine optimal capital structure when given equity and debt percentages and EPS and Stock price

  What is the expected return and standard deviation

Denard has two investment opportunities. He can invest in The Sunglasses Company or The Umbrella Company. What is the expected return and standard deviation of each company?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd