Question
Shanita is a self-employed event planner. She has net earning (profit) from her business of $63,220. Her self-employment taxes for the year are: (Round to
Shanita is a self-employed event planner. She has net earning (profit) from her business of $63,220. Her self-employment taxes for the year are:
(Round to your answer two decimal places and show work if possible).
a. $8,923.70
b. $8,932.70
c. $9,639.00
d. $9672.66
Which of the following conditions requires an employer to use the electronic deposit requirement?
a. Employer made more than $100,000 in total tax deposits in 2012.
b. Employer made more than $100,000 in total tax deposits in 2013.
c. All employers are required to use the electronic funds transfer.
d. Employer made more than than $200,000 in total deposit in 2012.
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