Question
1a. Jenny earns $44,500 in 2016. Calculate the FICA tax that must be paid by: Jenny: Social Security: _______________ Medicare: ___________________ Jennys Employer: Social Security:
1a. Jenny earns $44,500 in 2016. Calculate the FICA tax that must be paid by:
Jenny:
Social Security: _______________
Medicare: ___________________
Jennys Employer:
Social Security: ___________________
Medicare: _______________________
1b. Stewart Beauf is a self-employed surfboard maker in 2016. His Schedule C net income is $115,000 for the year. He also has a part time job and earns $9,100 in wages subject to FICA taxes. Calculate Stewarts self-employment tax for 2016 using Schedule SE. Please complete and upload schedule SE or write here the amount per line you would find on the schedule.
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