LO 9.6 14. Ann hires a nanny to watch her two children while she works at a

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LO 9.6 14. Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $125 per week for 48 weeks during the current year.

a. What is the employer’s portion of Social Security and Medicare tax for the nanny that Ann should pay when she files her Form 1040 for 2010?

$ ____________

b. What is the nanny’s portion of the FICA and Medicare tax?

$ ____________

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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Question Posted: Oct 10, 2024 04:01 AM

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LO 9.6 14. Ann hires a nanny to watch her two children while she works at a

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Income Tax Fundamentals 2011

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