Which of the following is the tax rate for Social Security? 10.1 % 6.2% 13.7 % 4.5%

1. How much would be paid in taxes in the given rate??

1. What self-employment tax rate is applied to earnings that exceed $142,800 in a year and also do NOT exceed the additional Medicare tax threshold? Answer:   A.    15.3%     B.    12.4%     C.    2.9%     D.    1.45% 2. What is the standard credit applied to the FUTA tax rate in non-credit reduction states? Answer:   A.    0.6%     B.    0.9%     C.    5.4%     D.    6% 3. An employer in a non-credit reduction state would pay FUTA taxes of _____ for an employee whose year-to-date earnings prior to the current period are $7,200 and who earns $1,100 during the current period. Answer:   A.    $0     B.    $6.60     C.    $43.20     D.    $49.80

What is the alternative minimum tax (AMT) rate for individuals? 1 %. 7%. 12.3%. 20%.

what is the interest rate before tax based on the above calculations?

What is the maximum that can be deducted as an above the line deduction for the amount that you pay to social security for self-employment taxes? a. 25% b. 100% C. 50% d. none e. 75%

How did you get $12,974.50 for the Marginal tax rate part?

HOW MUCH IS THE NET INCOME AFTER TAX?

8. What is Capital Gains Tax? What is the current rate?

What are the important key points of income taxes PAS 12?