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Joe is a self-employment mechanic. His net earnings from self-employment for 2020 are $200,000. How much is Joe's FICA tax? Note: The Social Security Wage

Joe is a self-employment mechanic. His net earnings from self-employment for 2020 are $200,000. How much is Joe's FICA tax?

Note: The Social Security Wage base in 2020 was $137,700.

Select one:

a. $17,074.80

b. $30,600

c. $22,431.10

d. $21,068.10

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