FICA
Find the FICA tax for John who makes $72,000 a year in wages.
$5,508
Sandra earns $57,000 in dividends and capital gains. She takes the standard deduction. How much does she pay in taxes?
$1492.50
Keith has a gross income of $65,000 per year. He paid $7,845 in taxes last year, what was his overall tax rate?
12%
Ryan has a taxable income of $73,900. What is his income tax if he files single?
$14,331.25
Freddie earns $35,000 in wages and $1,000 in interest. What is their gross income?
$36,000
Billy earns $47,250 from dividends and capital gains. How much does he pay in FICA taxes?
$0
Christine and her husband earn $145,350 in dividends and capital gains. They file jointly and take the standard deduction. How much do they pay in taxes?
$8,182.50
Kathy earns $73,250 a year and invests $2,500 into a tax-deferred retirement fund. If she paid $9,225 in taxes, what was her overall tax rate?
12.6%
Dillon is married filing separately with a taxable income of $65,000. What is his income tax?
$12,106.25
Greg earns $56,000 in wages, $2,000 in interest, and invests $4,250 into a tax-deferred retirement fund. What is his adjusted gross income?
$53,750
Sophia makes $35,000 in wages a year and an extra $3,250 in tips. What is her FICA tax?
$2,926.13
Phil earns $72,000 from dividends and capital gains. He files with 1 child and takes the standard deduction, how much does he pay in taxes.
$1275
Jenna makes $45,350 per year, and takes the standard deduction. What is her overall tax rate?
10.6%
Rachel and Tim are married filing jointly with a taxable income of $330,500. What is their income tax?
$84,969.50
Michelle makes $115,250 in wages, she earns $2,250 in interest, and invests $3,450 into a tax-deferred retirement fund. She takes the standard deduction, what is her gross income and adjusted gross income?
GI: $117,500
AGI: $114,050
Kenny makes $113,450 a year in wages from his job. What does he pay in FICA taxes?
$8,266.63
Ryan collects $89,000 each year from dividends and capital gains, he takes the standard deduction. Calculate his income tax and overall tax rate.
Income Tax: $6,292.15
Overall Tax Rate: 7.1%
Rick and his wife earn $162,500 in wages and collect $3,500 in interest. They file jointly with 2 children, what is their overall tax rate?
16.3%
Tyler earns $75,000 and takes the standard deduction. What is his income tax?
$12,068.75
Cynthia earns $82,000 in wages, she invests $3,000 into a retirement fund, and takes the standard deduction. What is her taxable income?
$68,850
Find the FICA tax for Erin if she makes $225,000 in wages and $2,200 in interest from a mortgage.
$9,884.1
Dorothy makes $125,375 in dividends and capital gains each year. She is filing jointly with her husband and their 3 children. She receives a $1500 tax credit. How much does she owe in taxes?
$3,408.75
Melissa collects $92,250 in wages, and an additional $4,000 in interest each year. She collects the standard deduction, and receives a tax credit of $2,000. What is her overall tax rate?
16%
Jack and Shannon earn $215,000 and file jointly, they take the standard deduction. What is their income tax?
$42,687
Jeremy earns $115,300 in wages, $2,225 in interest, and invests $1,450 into a tax-deferred retirement fund. He is filing separately and takes the standard deduction. What is his gross income, adjusted gross income, and taxable income?
GI: $117,525
AGI: $116,075
TI: $99,725