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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 10
Use the combined wage bracket tables , Exhibits 9-3 and 9-4, for Exercises 16 and 17.
Ransford Alda is a self-employed security consultant with estimated annual earnings of $90,000. His social security tax rate is 12.4%, Medicare is 2.9%, and his federal income tax rate is 14%.
a. How much estimated tax must Ransford send to the IRS each quarter?
b. What form should he use?
Ransford Alda is a self-employed security consultant with estimated annual earnings of $90,000. His social security tax rate is 12.4%, Medicare is 2.9%, and his federal income tax rate is 14%.
a. How much estimated tax must Ransford send to the IRS each quarter?
b. What form should he use?
Explanation
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Verified
(a) The annual salary of Ransford Alda
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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