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M (an unmarried individual) has the following tax information for the year 2016: Salary $ 200,000 Interest income $ 20,000 A gift received from an
M (an unmarried individual) has the following tax information for the year 2016: | |
Salary | $ 200,000 |
Interest income | $ 20,000 |
A gift received from an uncle | $ 12,000 |
Medical expenses (fully deductible) | $ 60,000 |
Calculate income tax for the year 2016. | |
Calculate Social Security tax paid by M. | |
Calculate Medicare tax paid by M. |
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