Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need help, how would i calculate this, the medic

I need help, How would I calculate this, the medicare tax is 0.9% but im...

50.1K

Verified Solution

Question

Accounting

image

I need help, How would I calculate this, the medicare tax is 0.9% but im not getting the right answer?

If a single taxpayer had self-employment income (from all sources) of $243,638, then $ Medicare tax of would be subject to an additional Blank 1 percent Blank 2

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

ess Statistics SP1 2023 Exam Find the sample size ne based on a previous rep...

Statistics
Q

Scale Factor Enter any fractions as decimals rounded to the tent place

Geometry
Q

What can be inferred from the following excerpt taken from the essay "Simple Song: Virgnia...

Biology
Q

Your friend Sam wants to paint her room She wants to paint the celling white...

Basic Math
Q

For the linear expression in x, give the constant term and the coefficient of x.7-3(x...

Basic Math
Q

Outside temperature over a day can be modelled using a sine or cosine function. Suppose...

Algebra
Q

Discuss how the current taxation and taxation will be recorded in the financial statements. (Hint:...

Accounting
Q

In your own word Discuss the purpose of the balance sheet and the elements that...

Accounting
Q

Do you think that "Static Budgets" can be misleading for managers? Please explain your reasoning.

Accounting
Q

which of the following is an internal control feature for preparing the payroll? a. two...

Accounting
Q

Mail - Charles Clark - Outlook Online Bookstore | Prior Order ...

Accounting
Q

no explanation needed just final answer 24. A painting was...

Finance