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anonymous
 one year ago
The limit in 2008 for FICA tax was 102,000. So if a business owner makes $108,000 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 selfemployed.)
anonymous
 one year ago
The limit in 2008 for FICA tax was 102,000. So if a business owner makes $108,000 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 selfemployed.)

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.084.00 174.00 1,512.00 3,132.00 These are the answers

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@TheGaMer007 @teagirl7630

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Do you know what equation to use?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I'm not sure what equation but I know it's for withholding

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Income is 6000 over the FICA limit, so wouldn't the continuing amount be 2.9% of 6000?
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