amona started a freelance business. She estimates that she will earn $49,600 in rst year, after deductions. She needs to pay 10% income tax on the first $8,925 of acom, 15% income tax on the amount over $8,925 to $36,250, and 25% income ta ne amount over $36,250. In addition, she needs to pay a 15.3% self-employment t uor Social Security and Medicare. What are her total estimated t
amona started a freelance business. She estimates that she will earn $49,600 in rst year, after deductions. She needs to pay 10% income tax on the first $8,925 of acom, 15% income tax on the amount over $8,925 to $36,250, and 25% income ta ne amount over $36,250. In addition, she needs to pay a 15.3% self-employment t uor Social Security and Medicare. What are her total estimated t
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Ramona started a freelance business. She estimates that she will earn $49,600 in her
Tirst year, after deductions. She needs to pay 10% income tax on the first $8,925 of her
income, 15% income tax on the amount over $8,925 to $36,250, and 25% income tax on
the amount over $36,250. 'In addition, she needs to pay a 15.3% self-employment tax on
her income to cover Social Security and Medicare. What are her total estimated taxes?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a647290-cc1d-4aca-8df7-ccc6e8d043a7%2Fb1f60ad6-ce9d-4eb0-b42c-09dd9f3f1b53%2F7147qp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:n snt
Ramona started a freelance business. She estimates that she will earn $49,600 in her
Tirst year, after deductions. She needs to pay 10% income tax on the first $8,925 of her
income, 15% income tax on the amount over $8,925 to $36,250, and 25% income tax on
the amount over $36,250. 'In addition, she needs to pay a 15.3% self-employment tax on
her income to cover Social Security and Medicare. What are her total estimated taxes?
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