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24. What if Warren had received wages totaling $20,000 and has net earnings from self-employment amounting to $65,000? a) In determining his taxable self-employment income
24. What if Warren had received wages totaling $20,000 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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