Answered

Get personalized answers to your unique questions on IDNLearn.com. Our Q&A platform offers reliable and thorough answers to help you make informed decisions quickly and easily.

(a) What was Jennifer’s gross pay for the year?

(b) How much did she pay in federal income tax?

(c) The amount in Box 4 is incorrect. Since Social Security is a 6.2% tax, what dollar amount should have been entered in Box 4?

(d) The amount in Box 6 is incorrect. Since Medicare is a 1.45% tax, what dollar amount should have been entered in Box 6?

(e) How much was Jennifer’s FICA tax (using the corrected values from (c) and (d))?

(f) Jennifer’s taxable income was $32,854. She’s filing her taxes as single. Does she owe the government more money in taxes, or will she receive a refund? How much money will she owe or receive? Explain your thinking process in your own words to earn full credit.

refer to images for help

A What Was Jennifers Gross Pay For The Year B How Much Did She Pay In Federal Income Tax C The Amount In Box 4 Is Incorrect Since Social Security Is A 62 Tax Wh class=
A What Was Jennifers Gross Pay For The Year B How Much Did She Pay In Federal Income Tax C The Amount In Box 4 Is Incorrect Since Social Security Is A 62 Tax Wh class=

Sagot :

Alexandra091706idn
A: Jennifer’s gross pay for the year was $32,854.
B: She paid $3,982.48 in federal income tax.
C:$1,971.24
D:$476.38
E: $2,447.62
F:Jennifer will receive a refund. She will receive $231.48 in her tax refund because her income is $32,854 and she filed for taxes under the status that she is single so she only needs to pay $3,751 in Taxes but she ended up paying $3,982.48 which is $231.48 over how much she should’ve paid.

Jennifer’s gross pay for the year was $32,854. B: She paid $3,982.48 in federal income tax. C:$1,971.24, D:$476.38, E: $2,447.62.

We have given the images

We have to determine the statements a,b,c,d e, and f.

What is the tax?

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

A: Jennifer’s gross pay for the year was $32,854.

B: She paid $3,982.48 in federal income tax.

C:$1,971.24

D:$476.38

E: $2,447.62

F:Jennifer will receive a refund. She will receive $231.48 in her tax refund because her income is $32,854 and she filed for taxes under the status that she is single so she only needs to pay $3,751 in Taxes but she ended up paying $3,982.48 which is $231.48 over how much she should’ve paid.

To learn more about the tax visit:

https://brainly.com/question/9437038

#SPJ2

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For trustworthy and accurate answers, visit IDNLearn.com. Thanks for stopping by, and see you next time for more solutions.