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Taylor Talbot receives wages amounting to $116,600. Their net earnings from self-emplovment amount to $32,800. Talbot must count $30,400 of their earnings in detenmining laxable
Taylor Talbot receives wages amounting to $116,600. Their net earnings from self-emplovment amount to $32,800. Talbot must count $30,400 of their earnings in detenmining laxable self-employment income for OASDI taxes. d==OASDITaxableSelf-EmploymentIncome$30,400 Ralph Henwood was paid a salary of $81,200 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $69,000 on his income tax return for 20. Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20 -- by Odesto Company
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