Question
During the year 2021, William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on
During the year 2021,
William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000.
What are William's total employment (FICA) taxes for the year? Please use the 2021 tax base limit which is 142,800
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
5th Edition
0130906999, 978-0130906991
