George Parker was paid a salary of $74,700 during 20-- by Umberger Company. In addition, during the
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George Parker was paid a salary of $74,700 during 20-- by Umberger Company. In addition, during the year, Parker started his own business as a public accountant and reported a net business income of $60,000 on his income tax return for 20--. Compute the following:
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The amount of FICA taxes that was withheld from his earnings during 20-- by Umberger Company. b. Parker's self-employment taxes on the income derived from the public accounting business for 20--. OASDI HI OASDI HI
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