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Employee amount for the Medicare tax is 1.45% on all wages. For the OASDI (SS) amount the amount of tax is 6.2% equal 7.65% total up to the 106800 of wage limit amount for the 2009 and 2010 tax year.

When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60

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What is the gift tax for 200000dollars?

90000 dollars is the gift tax of a gift of 200000 dollars.


If someone makes 90000 dollars year how much would they get back in their tax return?

That would depend entirely on how much was withheld from their paycheck. The income tax in the U.S. is a progressive tax based system, meaning, the more you make, the more taxes you owe. This does not include the reduction in income for tax purposes that "tax deductions" offer, such as deductions for home mortgage interest, gifts to charities, etc., nor does it include tax credits.Currently, someone making $90,000 per year is in the 35% tax bracket.


How would you prepare the journal entry to record the admission of Ash under each what separate assumptions Ash invests cash of 1 90000 2 125000 3 60000?

Assumption 1: [Debit] Cash 90000 [credit] ash capital account 90000 Assumption 2: [Debit] Cash 125000 [credit] ash capital account 125000 Assumption 3: [Debit] Cash 60000 [credit] ash capital account 60000


How much taxes should be taken out for taxes on 90000?

The amount of taxes withheld from a $90,000 income depends on various factors, including filing status, deductions, and local tax rates. For federal income tax, you can use the IRS tax brackets to estimate your liability. As a rough estimate, a single filer could expect to pay around $15,000 to $20,000 in federal taxes, not including state and local taxes, which vary by location. It's advisable to consult a tax professional or use tax software for a more accurate calculation based on your specific situation.


What is the journal entry of deposited 90000 in bank and contributed a system library valued 39000 to start a business?

debit bank 90000debit system library 39000capital capital 129000