PSa $5-9$ Calculate Self$-$Employment Tax

For each of the following individuals, calculate the applicable self$-$employment tax. Assume that each individual files tax returns under single status. Remember, the IRS instructs

employers to collect additional Medicare tax on all employee earnings more than $$200,000$ in a single year without regard to filing status.

NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

$1$: Annabelle Jefferson earns net self$-$employment income of $$43,500.$ She does not work a second job.

Self$-$Employment tax $=$

$2$: Alexander Ryan earns net self$-$employment income of $$120,100.$ He works a second job from which he receives FICA taxable earnings of $$58,400.$

Self$-$Employment tax $=$

$3$: Morgan Cruise earns net self$-$employment income of $$226,100.$ She works a second job from which she receives FICA taxable earnings of $$118,100\mathrm{.}00.$

Self$-$Employment tax $=$