Josh earned $10,000 of profit from a sole proprietorship in 2022. If he also has $140,000 of salary income, how much self-employment tax will he owe? Hint: The correct answer should be $1,136
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Josh earned $10,000 of profit from a sole proprietorship in 2022. If he also has $140,000 of salary income, how much self-employment tax will he owe?
Hint: The correct answer should be $1,136
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- Mark earned $10,000 of profit from a sole proprietorship in 2022. If he also has $3,000,000 of salary income, how much self-employment tax will he owe?Rasheed works for Company A, earning $299,000 in salary during 2022. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? Note: Round your intermediate and final answer to the nearest whole dollar amount. Amount of FICA tax $ 22,873In 2020, Shelly had net earnings from her business of $160,000. What is the amount of Shelly’s self-employed tax? Round answer to nearest dollar.
- ↑ FICA Contributions. Brian makes $25,100 per year. How much can Brian expect to contribute to FICA taxes in 2018? How much will his employer contribute? (Hint: The total FICA tax rate is 7.65%) CALEDS The amount Brian can expect to contribute to FICA taxes in 2018 is $(Round to the nearest cent) The amount his employer will contribute is $ (Round to the nearest cent.) NextGiven your avatar's annual salary $48,050 how much will your avatar pay in federal income tax for 2020? The 2020 Single Filer Tax Brackets are below for your reference. Please note. YOU may have a family, but your avatar is single. So, your avatar pays the single filer tax rate. In the image.please explain in step to step on how to get this answer. answer is 95,259.00 Jason graduated in 2017 and landed a job after graduation in Orlando for Finance. If his taxable income for 2019 is $68000, how much federal income tax will he owe given the 2019 federal income tax brackets below? 15% on the first $47,630 of taxable income, plus 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus 33% of taxable income over $210,371
- Katrina has wages of $161,000 in 2023. She also operates a small business that generated net profits of $10,000. What is Katrina's total self-employment tax? a. So b. $267.82 c. $290.00 d. $ 1,530.00How do I calculate self employment taxes. For example Bob Dylan's self employment earnings are $50,600, what would be his 2021 total self-employment taxes?Paul is single, has $62,100 of wages, and pays 20% in federal and state income tax. If the combined federal and state tax rate increases to 25%, how much additional income must Paul earn to maintain the same desired take-home pay in 2023? (Round answer to O decimal places, e.g. 5,125.) Additional income $ LA
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