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For each individual, calculate the self - employment tax. Assume that each individual files tax returns under single status. Remember, the additional Medicare Tax threshold
For each individual, calculate the selfemployment tax. Assume that each individual files tax returns under single status. Remember, the additional Medicare Tax threshold that applies to selemployment income is based on the employee\'s filing status, but to simplify the process for employers, the IRS requires that Additional Medicare Tax be withheld from all employees who earn more than $ in a single year, regardless of filing status.
Allison Wilson earns net selfemployment income of $ She does not work a second job.
SelfEmployment tax $
Martin Hughes earns net selfemployment income of $ He works a second job from which he receives FICA taxable earnings of $
SelfEmployment tax$
Elisa Grant earns net selfemployment income of $ She works a second job from which she receives FICA taxable earnings of $
SelfEmployment tax$
What is the self employement tax for each problem?
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