George Parker was paid a salary of $74,700 during 2013 by Umberger Company. In addition, during the
Question:
George Parker was paid a salary of $74,700 during 2013 by Umberger Company. In addition, during the year, Parker started his own business as a public accountant and reported a net business income of $38,900 on his income tax return for 2013. Compute the following:
a. The amount of FICA taxes that was withheld from his earnings during 2013 by Umberger Company.
OASDI$___________
HI $___________
b. Parker’s self-employment taxes on the income derivedfrom the public accounting business for 2013.
OASDI $___________
HI$___________
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