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Kit Fox had wages of $124, 000 in 2015. How much did she end up paying in social security and Medicare taxes? $8789.40 $8963.60 $9145.00
Kit Fox had wages of $124, 000 in 2015. How much did she end up paying in social security and Medicare taxes? $8789.40 $8963.60 $9145.00 $9263.80 Bob Katz and Sally Mander are a married couple with four children. Total wages for 2015 equaled $96, 400. Stock which had been purchased nine months earlier was sold for a $2, 000 gain and stock held for three years was sold for a $7, 000 gain. Interest income from savings was $100. Itemized deductions totaled $28, 500. Bob and Sally qualify for a $1, 500 tax credit. What is Bob's and Sally's taxable income? $39, 000 $44, 600 $46, 000 $44, 800
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