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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 101
Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $300,000 this year. His social security tax rate is 12.4% up to the wage base. Medicare is 2.9%, and his federal income tax rate is 24%.
a. How much estimated tax must Marc send to the IRS each quarter
b. What form should he use
a. How much estimated tax must Marc send to the IRS each quarter
b. What form should he use
Explanation
Verified
Verified
(a) The annual salary of Marc Batchelor
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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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