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Find the FICA and Medicare tax for each of the following self-employed people. Assume that none of them has earned over $127,200 for the year.

Find the FICA and Medicare tax for each of the following self-employed people. Assume that none of them has earned over $127,200 for the year. Use a FICA rate of 12.4% and a Medicare rate of 2.9%. 12. Lois Steem is a self-employed assertiveness training coach. Her adjusted income is $19,500 for the first quarter.

(a) FICA tax ________________________ (b) Medicare tax ________________________

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