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AnnZ [28]
2 years ago
12

3: Morgan Cruise earns net self-employment income of $221,600. She works a second job from which she receives FICA taxable earni

ngs of $111,300.00.
Self-Employment tax =
137,700 cap
Mathematics
1 answer:
arsen [322]2 years ago
7 0

Based on the amounts that Morgan Cruise is getting paid, her self-employment tax will be $22,916.63.

<h3>How much does Morgan pay in self-employment tax?</h3><h3 />

taxable earnings from self-employment:

= 92.35% x 221,600

= $204,647.60

Self-employment tax is:

= (12.4% x 137,700 limit) + (2.9% x 200,000 limit) + (0.9% x (204,647.60 - 200,000)

= 17,074.80 + 5,800 + 41.83

= $22,916.63

Find out more on self-employment tax at brainly.com/question/8029273.

#SPJ1

You might be interested in
The cost for hiring a car for 2 days in 2018 was Rs. 264 which was 20% more than in 2013. What was the cost of hiring a car for
Goshia [24]

The cost of hiring a car for 2 days in 2013 is Rs. 316.8

<h3>How to find the cost of hiring in 2013 ?</h3>

The cost for hiring a car for 2 days in 2018 was Rs. 264 which was 20% more than in 2013.

Therefore,

cost of hiring for 2018 = Rs. 264

Therefore,

let

cost of hiring in 2013 = 20%(264) + 264

cost of hiring in 2013 = 20 / 100 × 264 + 264

cost of hiring in 2013 = 1 / 5 × 264 + 264

cost of hiring in 2013 = 264 / 5 + 264

cost of hiring in 2013 = 52.8 + 264

cost of hiring in 2013 = 316.8

Therefore, the cost of hiring a car for 2 days in 2013 is Rs. 316.8.

learn more on cost here: brainly.com/question/1663590

#SPJ1

7 0
2 years ago
Laurie has a signed contract with I- Mobile where she will pay a $25 fee each month plus $2 per phone call.
nikitadnepr [17]

Answer:

i dont know how your teacher teaches it but in the first question take away the y after the 25. number 2 the start equation would be 55=2x+25 then you would subtract 25 from each side to get 30=2x, the divide by to to get x=15 or she made 15 calls. number 3 is correct.

i hope this helps

8 0
11 months ago
Please help me <br> math math math
olga nikolaevna [1]
Your answer A12/A6= A6
4 0
2 years ago
How do you find the scale factor of a triangle​
MatroZZZ [7]

Answer:

Divide one of the sides in the bigger triangle by its corresponding side in the smaller triangle to determine the scale factor for the smaller triangle to the bigger triangle.

5 0
2 years ago
Calculate two iterations of Newton's Method to approximate a zero of the function using the given initial guess. (Round your ans
VikaD [51]

Answer:

The two iterations of f(x) = 1.5598

Step-by-step explanation:

If we apply  Newton's iterations method, we get a new guess of a zero of a function, f(x), xₙ₊₁, using a previous guess of, xₙ.

xₙ₊₁ = xₙ - f(xₙ) / f'(xₙ)

Given;

f(xₙ) = cos x, then  f'(xₙ) = - sin x

cos x / - sin x = -cot x

substitute in "-cot x" into the equation

xₙ₊₁ = xₙ - (- cot x)

xₙ₊₁ = xₙ + cot x

x₁ = 0.7

first iteration

x₂ = 0.7 + cot (0.7)

x₂ =  0.7 + 1.18724

x₂ = 1.88724

 

second iteration

x₃ = 1.88724 + cot (1.88724)

x₃ = 1.88724 - 0.32744

x₃ = 1.5598

To four decimal places = 1.5598

4 0
3 years ago
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