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Miss Arkin's net profit from Schedule C was $64,000, and she received a $200,000 salary from an employer. She had no other income. What

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Miss Arkin's net profit from Schedule C was $64,000, and she received a $200,000 salary from an employer. She had no other income. What is the total amount of FICA axes (self-employment and employment related, including the additional .9% Medicare tax) does Miss Arkin owe for the year? Show your work Self-Employment Salary Limit on SS wage 1 base 147,000.00 Limit on SS Wage Base 147,000.00 Employee 2 Compensation 200,000.00 Salary Limit on SS base 3 for SE tax purpose 4 SE Income 64,000.00 Social Security Medicare 200,000.00 9,114.00 2,900.00 Net earning from 5 SE % 92.35% Net earnings from SE 59,104.00 Net earning from 6 SE 59,104.00 Total Income 259,104.00 Medicare portion 7 of SE 1,714.02 Additional Medicare tax 531.94 8 SS portion of SE tax Total Tax $14,259.95 Total SE Taxes $ 1,714.02

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