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325_notes_9-12-07

325_notes_9-12-07 - Medicare(no ceiling 84*1.45 123 1.45...

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ESCROW- In payment= mortgage, real estate taxes, & -no info on home owners insurance -tax return for real estate tax= 9,023/ 12= 752 -mortgage payment= 1980 1144= actual mortgage payment per month 752+ 1144= 1896 1980-1896= 84 FICA ( ceiling )- 84,000 * 6.2 132,000--< only has to pay fica on 97500 *6.2
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Unformatted text preview: Medicare (no ceiling)- 84 *1.45 123* 1.45 Payroll Deductions-Multiply deductions Income tax- what is being with held is put on 4 types f risk tolerance: • Physical • Social • Ethical • Financial...
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