Question
Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. Alex has self-employment earnings of $55,600. Alex's 2019 total
Compute the total annual tax for the following individuals.
Note: Round each to the nearest cent.
- Alex has self-employment earnings of $55,600.
Alex's 2019 total self-employment withholding is: $
- Hope has self-employment earnings of $135,000.
Hope's 2019 total self-employment withholding is: $
- Michelle has self-employment earnings of $220,000.
Michelle's 2019 total self-employment withholding is: $
Compute the following for John who is both an employee and self-employed.
Note: Round the answer to the nearest cent.
John worked for the NFL, earning for the year $102,000. In addition, during his free time, he shoveled snow in the neighborhood, earning $39,500 for the year.
John's 2019 self-employment FICA withholding is: $
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Financial Decisions And Markets A Course In Asset Pricing
Authors: John Y. Campbell
1st Edition
9780691160801
