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How to get number 2 & 3? PSC 5-9 CALCULATE SELF-EMPLOYMENT TAX Of Question Question Type Feedback Points Student Answer: 11,245.50 2 Earnestine Stockwell earns
How to get number 2 & 3?
PSC 5-9 CALCULATE SELF-EMPLOYMENT TAX Of Question Question Type Feedback Points Student Answer: 11,245.50 2 Earnestine Stockwell earns net self-employment income of $103,650. She works a Fil In The Blanks For feedback on this assignment, second job from which she receives FICA taxable eamings of $46,300. Click Here Self-Employment tax = Answer: 14,339.45 Student Answer: 140.197 25 x] Belinda Austin earns net self-employment income of $197,000. She works a second job Fill In The Blanks For feedback on this assignment, from which she receives FICA taxable earnings of $137.000. Click Here Self-Employment tax = Answer: 7.005 80 Student Answer: 6.392 70 2 Feedback 0 General Calculation(s): portion taxed at 15.3% + portion taxed at 2.9% = SE tax P * portion taxed at 15.3% = ($132,900 - FICA taxable earnings) * 15.3% * portion taxed at 2.9% = (SE net income - ($132,900 - FICA taxable earnings]) * 2.9% 0 Example: P For illustration only; figures may not match your assignment. (SE net income: $152,000, FICA taxable earnings: $100,300) 0 S SE tax: (($132,900 - $100,300) * 15.3%) + (($152,000 - ($132,900 - $100,300) * 2.9%) = $8,450.40Step by Step Solution
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