If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and Medicare taxes for the fourth quarter. (The Social Security tax is 12.4 percent of income up to $128,400 for self-employed individuals, and the Medicare tax is 2.9 percent of all wages.) $420.75 $780.30 $2,524.50 $4,681.80

If Austin is self-employed and makes $5,100.00 semimonthly, compute her total social security and Medicare taxes for the fourth quarter. (The Social Security tax is 12.4 percent of income up to $128,400 for self-employed individuals, and the Medicare tax is 2.9 percent of all wages.) $420.75 $780.30 $2,524.50 $4,681.80

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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