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23. Warren receives wages totaling $150,000 and has net earnings from self-employment amounting to $65,000. a) In determining his taxable self-employment income for the OASDI

23. Warren receives wages totaling $150,000 and has net earnings from self-employment amounting to $65,000. a) In determining his taxable self-employment income for the OASDI tax, how much of his self- employment earnings must Warren count when determining the tax? b) What is the total OASDI and HI taxes to be paid on his self-employment income? Show the taxes labeled individually, then show the total of both taxes for full credit on (b).
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23. Warren receives wages totaling $150,000 and has net earnings from self-employment amounting to $65,000. a) In determining his taxable self-employment income for the OASDI tax, how much of his selfemployment earnings must Warren count when determining the tax? b) What is the total OASDI and HI taxes to be paid on his self-employment income? Show the taxes labeled individually, then show the total of both taxes for full credit on (b)

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