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Montano1993 [528]
2 years ago
11

Compute darryl's total social security and Medicare taxes for the third quarter, if she is self-employed and earns $1,020.00 on

a weekly basis.
Business
1 answer:
sergejj [24]2 years ago
6 0

Answer and Explanation:

The computation of the total security and medicare tax is shown below:

Here we assume the social security and medicare tax is 12.4% and 2.9% respectively

So, first we compute the total earnings which is

= $1,020 × 13 weeks

= $13,260

Now the taxes are

= $13,260 × 12.4% + $13,260 × 2.9%

= $1,644.24 + $384.54

= $2,028.78

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Answer:

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