14. james received his w - 2. how much did he pay in federal and fica taxes combined? ~add boxes 2, 4, and…

14. james received his w - 2. how much did he pay in federal and fica taxes combined? ~add boxes 2, 4, and 6.~ w - 2 wage and tax statement 2022 $1,576.20 $2,861.30 $4,437.50 $4,962.93

14. james received his w - 2. how much did he pay in federal and fica taxes combined? ~add boxes 2, 4, and 6.~ w - 2 wage and tax statement 2022 $1,576.20 $2,861.30 $4,437.50 $4,962.93

Answer

Explanation:

Step1: Identify box - 2 amount

Let's assume box - 2 (federal income tax withheld) is $x$. From the visible part of the W - 2, box 2 shows $1,576.20$. So $x = 1576.20$.

Step2: Identify box - 4 amount

Box 4 (social security tax withheld) is $y$. From the W - 2, box 4 shows $2,391.30$. So $y = 2391.30$.

Step3: Identify box - 6 amount

Box 6 (Medicare tax withheld) is $z$. From the W - 2, box 6 shows $995.43$. So $z = 995.43$.

Step4: Calculate total

The total of federal and FICA taxes is $T=x + y+z$. $T=1576.20 + 2391.30+995.43=4962.93$.

Answer:

$4,962.93$