How are FICA taxes for self- employed individuals handled?
Answer to relevant QuestionsWho typically files Form 1040EZ? Which tax form do most other individual taxpayers file? What is a standard deduction? What is the standard deduction based on? Matt is self- employed as a carpenter. He made $ 42,000 after expenses in 2012. How much did he contribute to FICA taxes? Consider Brad’s goal to retire in 25 years by saving $ 4,000 per year starting 5 years from now. a. Based on your analysis of Brad’s cash flow and your recommendations, is saving $ 4,000 per year a realistic goal? If ...What is the term structure of interest rates? Why is this concept important to an investor?
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