13. Pat generated self-employment income in 2019 of $76,000. The self-employment tax is: a. b. C. d. $0. $5,369.23. $10,738.46. $11,628.00.

Determine from the tax table the amount of the income tax for each of the following taxpayers for 2020: Taxpayer(s) Filing Status Taxable Income   Income Tax Allen Single $ 30,000   $______________________ Boyd MFS 34,545   $______________________ Caldwell MFJ 55,784   $______________________ Dell H of H 67,450   $______________________ Evans Single 75,000   $______________________

The self-employment tax base is 100% of self-employment income (Schedule C net income). True or False True False

The table below shows the tax brackets for 2015 for single workers. Taxable Income Tax Rate $0 to $9,225 $9,226 to $37,450 $37,451 to $90,750 $90,751 to $189,300 $18,481.25 plus 28% of the amount over $90,750 $189,301 to $411,500 $46,075.25 plus 33% of the amount over $189,300 $411,501 to $413,200 $119,401.25 plus 35% of the amount over $411,500 10% $922.50 plus 15% of the amount over $9,225 $5,156.25 plus 25% of the amount over $37,450 $413,201 or more $119,996.25 plus 39.6% of the amount over $413,200 Calculate the income tax for a single person who has $132,200 of taxable income.

how to figure out net pay ?

Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. An employee with annual salary of P150,000, annual total contributions of P1,000 and bonus of P12,000 for the year.

For the current year, the maximum percentage of social security benefits which might be included In a taxpayer's gross income is?  A, 50% 85% 0% 65% 100%

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Determine the self-employment tax for an individual who has $111,700 in wages, $4,000 in interest income, and $20,000 in self-employment income. The self employment tax is________?