Question
Problem Information Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI6.2% both on $118,500; HI1.45% for employees and employers on the
Problem Information
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI6.2% both on $118,500; HI1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of 0.9% on wages in excess of $200,000 was not applicable.
Karlie Hastings is a writer (employee) for the Santa Fe Gazette and has an annual salary of $49,000. This year, she also realized net self-employment earnings of $75,000 from a book she wrote. What portion of her self-employment earnings is subject to the two parts of the social security tax?
| a. OASDI taxable self-employment earnings | $ |
| b. HI taxable self-employment earnings | $ |
| c. OASDI self-employment tax | $ |
| d. HI self-employment tax | $ |
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Budget Responsibility And National Audit Bill Source Book Edition Current Political Debates Of The UK Parliament 55th Parliament Volume
Authors: Jeff Nelson
1st Edition
3845468017, 978-3845468013
