Computing FICA taxes A self-employed worker earned ($47,000) during the year, The FICA tax for Social Security
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
Question Posted: