Darrell is an employee of Whitneys. During the current year, Darrells salary is Communication Skills $112,000. Whitneys

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Darrell is an employee of Whitney’s. During the current year, Darrell’s salary is Communication Skills $112,000. Whitney’s net self-employment income is also $112,000. Calculate the Social Security and self-employment taxes paid by Darrell and Whitney. Write a letter to Whitney in which you state how much she will have to pay in Social Security and self-employment taxes and why she owes those amounts.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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