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Other Fields Homework Help Finance Topic started by: mickied on Jul 1, 2024



Title: Find the Social Security tax and Medicare tax on the annual gross income of a self-employed ...
Post by: mickied on Jul 1, 2024
Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed.

Ted Houston, accountant, earned $47,671.48

▸ $5,911.26, $1,382.47

▸ $5,811.26, $1,282.47

▸ $2,955.63, $1,382.47

▸ $2,955.63, $691.24


Title: Re: Find the Social Security tax and Medicare tax on the annual gross income of a self-employed ...
Post by: relisabeth on Jul 1, 2024
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