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so the threshold in my book says to use $128,400 and then it says to subtract the FICA amount from the threshold and then multiply

so the threshold in my book says to use $128,400 and then it says to subtract the FICA amount from the threshold and then multiply that by the full tax rate of 15.3% and then the rest of her earnings by 2.9% and then add that up, it worked for the second question but for this one is keeps saying im wrong, plz show steps ! image text in transcribed
mercise 9 Completed 9 Out of 9 CALENDAR | CALCULATOR CHECK MY WORK SAVE ASSIGNMENT Sb 5-9 Calculate Self-Employment Tax or each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under Married Filing Jointly status NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation 1: Allison Wilson earns net self-employment income of $88,500. She does not work a second job. Self-Employment tax $ 13.540.50 2: Martin Hughes cams net self-employment income of $149.700. He works a second job from which he receives FICA taxable earnings of $95.000 Self-Employment tax $ 8,402.00 3: Elisa Grant earns net self-employment income of $196,400. She works a second job from which she receives FICA taxable canings of $74.800 X Self-Employment tax = $ 12.342.00 NEXT SUBMIT ASSIGNME PREVIOUS

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