QUESTION 17 Calculate the total Social Security and Medicare tax burden on a sole proprietorship earning 2018

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QUESTION 17

Calculate the total Social Security and Medicare tax burden on a sole proprietorship earning 2018 profit of $300,000, assuming a single sole proprietor. (2018 basis is $128,400).

Social Security Tax ?

Medicare Tax ?

Additional Medicare tax ?

Related Book For answer-question

Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Posted Date: May 31, 2024 04:27 AM

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QUESTION 17 Calculate the total Social Security and Medicare tax burden on a sole proprietorship earning 2018

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Principles Of Taxation For Business And Investment Planning 2016 Edition

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