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Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,200.00 on a semimonthly basis. (For self-employed
Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,200.00 on a semimonthly basis. (For self-employed persons, Social Security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.)
$429.00
$795.60
$2,574.00
$4,773.60
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