59. Heidi and Anastasia are residents of the mythical country of Wetland. Heidi pays $1,500 income tax on taxable income of $6,000. Anastasia pays income tax of $21,000 on taxable income of $72,000. The income tax structure is 60. Elrod is an employee of Gomez Inc. During 2015, Elrod receives a salary of $120,000 from Gomez. What amount should Gomez withhold from Elrod's salary as payment of Elrod's social security and medicare taxes? 61. earns $80,000 as a sales manager for Household Books. How much Social Security and medicare tax does Marie have to pay for 2015?
59. Heidi and Anastasia are residents of the mythical country of Wetland. Heidi pays $1,500 income tax on taxable income of $6,000. Anastasia pays income tax of $21,000 on taxable income of $72,000. The income tax structure is 60. Elrod is an employee of Gomez Inc. During 2015, Elrod receives a salary of $120,000 from Gomez. What amount should Gomez withhold from Elrod's salary as payment of Elrod's social security and medicare taxes? 61. earns $80,000 as a sales manager for Household Books. How much Social Security and medicare tax does Marie have to pay for 2015?
test-bank-concepts-in-federal-taxation-2016-23rd-edition-murphy.docx