Mathematics, 23.07.2019 03:30 Serenitybella

The limit in 2008 for fica tax was 102,000. so if an individual makes $314,000 in one year, how much in "continuing" medicare tax will they have to pay? (medicare tax is 1.4% for individuals and 2.9% for the self-employed.)
1. 2,968.00
2. 4,396.00
3. 6,148.00
4. 9,106.00

Answers: 2

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The limit in 2008 for fica tax was 102,000. so if an individual makes $314,000 in one year, how much in "continuing" medicare tax will they have to pay? (medicare tax is 1.4% for individuals and 2.9% for the self-employed.) 1. 2,968.00 2. 4,396.00 3. 6,148.00 4. 9,106.00

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Other questions on the subject: Mathematics

Questions in other subjects:

The limit in 2008 for fica tax was 102,000. so if an individual makes $314,000 in one year, how much in "continuing" medicare tax will they have to pay? (medicare tax is 1.4% for individuals and 2.9% for the self-employed.)
1. 2,968.00
2. 4,396.00
3. 6,148.00
4. 9,106.00