Computing FICA taxes A self-employed worker earned ($47,000) during the year, The FICA tax for Social Security

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Computing FICA taxes A self-employed worker earned $$47,000$ during the year, The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. How much should this worker pay for FICA taxes?

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: May 12, 2024 07:01 AM

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Computing FICA taxes A self-employed worker earned ($47,000) during the year, The FICA tax for Social Security

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College Accounting Ch 1-14

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