Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 124
SELF-EMPLOYMENT DEDUCTIONS This problems refer to self-employed individuals. These people pay a Social Security tax of 12.4% and Medicare tax of 2.9%. Find both of the taxes on this annual adjusted earnings. (See Example.)
Tony Romano, owner of The Cutlery, earned $58,238.74. ___________
EXAMPLE
Finding FICA and Medicare Tax for the Self-Employed
Find the Social Security tax and the Medicare tax paid by Ta Shon Williams, a self-employed Web designer who had adjusted earnings of $53,820 this year.
SOLUTION
Tony Romano, owner of The Cutlery, earned $58,238.74. ___________
EXAMPLE
Finding FICA and Medicare Tax for the Self-Employed
Find the Social Security tax and the Medicare tax paid by Ta Shon Williams, a self-employed Web designer who had adjusted earnings of $53,820 this year.
SOLUTION
Explanation
Verified
Verified
In order to calculate amounts taken for ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
