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mickied mickied
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3 months ago
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
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Business Mathematics

Business Mathematics


Edition: 15th
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relisabethrelisabeth
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