Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $309,000 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%. How much estimated tax (in $) must Marc send to the IRS each quarter?
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- Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $303,000 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%. How much estimated tax (in $) must Marc send to the IRS each quarter?Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at $38,200. How much Social Security taxes must he pay this year?Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are $43,280.00 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter? $7,790.40 $3,603.06 $1,655.46 $2,319.00
- Mark Batchelor a self-employed sales consultant has estimated annual earnings of $303,000 this year his Social Security tax rate is 12.4% up to the wage base Medicare 2.9% and it's federal income tax rate at 24% how much estimated tax in money must Mark send to the IRS each quarterWhat will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,160.00, if she has already earned $46,560.00 this year? (Social security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.)Please answer fast I will rate for you sure....
- Assume that your starting salary will be $55,000 per year, and assume that you have no additional income sources. Also, assume that Federal income taxes are 27% of your gross income, and that there is not any state tax in Texas. What is your monthly net income?Shirley Riddle's net biweekly earnings are103.
- Dr. Josef Young earns an adjusted gross weekly income of $2,517. How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? The Social Security tax rate is 6.2% from earnings to be taxed to a maximum annual wage of $118,500. The Medicare tax rate is 1.45% from all earnings to a maximum annual wage of $200,000. The Social Security tax is $ (Type an integer or a decimal. Round to the nearest cent as needed.) The Medicare tax is $. (Type an integer or a decimal. Round to the nearest cent as needed.)1. Ms. Evelyn is tax compliance officer at the Bureau of internal revenue earning a monthly salary P35,196.00. How much is Ms. Evelyn's take home pay? 2. Allan S. Gala is a sales representative at a private pharmacy. He is given a monthly rice subsidy of P2,000.00. Over his monthly salary of P24,300.00. How much is his monthly net pay?Jennifer made $74,900 last year. She pays 6% state income tax, 15% federal income tax, 6.2% for social security,a nd 1.45% for medicare. a. What was her gross monthly income? b.What was her net monthly income?