Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,000.00 on a semimonthly basis. (For self-employed persons, social security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.)

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The Answer of Compute Austin's total social security and Medicare taxes for the fourth quarter, if she is self-employed and earns $5,000.00 on a semimonthly basis. (For self-employed persons, social security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.)

Compute Austin's Total Social Security and Medicare Taxes for the Fourth