Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. billtaylor works at a factory making an annual sal

BillTaylor works at a factory making an annual salary of $90,000. On the side, he...

70.2K

Verified Solution

Question

Accounting

  1. BillTaylor works at a factory making an annual salary of $90,000. On the side, he owns his own excavating business where his net earnings from self-employment are $50,000 for the year. Calculate the following for Luke, for his self-employment earnings only (6 points):

  1. Amount of OASDI (Social Security): __________ (3 points)

  1. Amount of HI (Medicare) taxes: _____________ (3 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A rectangular pool table centered at the origin has a width of 4 ft. and...

Calculus
Q

Problem 4.26a Draw all possible structure(s) and give the IUPAC systematic name(s) of an alkane or...

Chemistry
Q

10 For each of the following problems using the information below determine the parent genotypes...

Biology
Q

63 A domain in ferromagnetic iron in the form of cube is having 5 x...

Physics
Q

e probability is 0 3 that a traffic fatality involves an intoxicated or alcohol impaired...

Basic Math
Q

a Use transformations to graph the function b Write the domain and range in interval...

Calculus
Q

Suppose f x and g x are differentiable at x 0 and f x and...

Calculus
Q

In the picture below the distance between gridlines is 2 inches Image Description

Algebra
Q

Question 17 of 39 She should blend lbs of high quality beans Round to the...

Algebra
Q

1. a. Poison Co. buys inventory from Savory, Inc., their 80%-owned subsidiary, paying $10k. S...

Accounting
Q

A company's inventory records indicate the following data for the month of January: ...

Accounting
Q

How are the forward rates between two currencies derived?

Finance