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Jimbo earns $100,000 per year. He works for a big airplane manufacturing company in Bone, Idaho. The income limit (cap) on Social Security taxes is

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Jimbo earns $100,000 per year. He works for a big airplane manufacturing company in Bone, Idaho. The income limit (cap) on Social Security taxes is $80,000 per year. How much does Jimbo pay in Medicare taxes for the year? $1,450.00 $7,650.00 $1,160.00 $6,120.00 Question 6 2 pts Tom is self-employed. He does not plan to participate in Social Security. He also has no plans to enroll in Medicare someday. He earns $65,000 per year (below the income limit (cap) for FICA taxes). How much does he owe in FICA taxes? $9,945.00 $4,972.50 $7,800.00 $3,900.00 Johnny Jim makes $35,000 per year (below the income limit on Social Security). He works for a large company. How much will he pay (his portion only) per MONTH in FICA taxes (including both Social Security and Medicare)? $223.12 $180.83 $361.67 $446.24 Jamie is self-employed. She makes $250,000 per year in net self-employment income. The cap (income limit) on Social Security taxes is $85,000. How much total does Jami pay in FICA taxes for the year? $13,005.00 $17,790.00 $38,250.00 $4,785.00

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