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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 7
Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $300,000 this year. His social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and his federal income tax rate is 24%.
a. How much estimated tax must Marc send to the IRS each quarter?
b. What form should he use?
a. How much estimated tax must Marc send to the IRS each quarter?
b. What form should he use?
Explanation
Verified
Verified
(a) The annual salary of Marc Batchelor
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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