Question
In all of the following problems, use these tax rates and taxable wage: OASDI4.2% on the first $110,100; HI1.45% on all taxable wages. Refer to
In all of the following problems, use these tax rates and taxable wage: OASDI4.2% on the first $110,100; HI1.45% on all taxable wages.
Refer to Instruction 3-1. Ralston is the sole proprietor of Cut & Curl. During the year, his net earnings were $79,700. What are his self-employment taxes (OASDI and HI) on these earnings?
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
