Brad wants you to help him determine his taxes. His gross income is $58,700 for the year. He makes no contributions to his individual retirement account (IRA) and does not have a student loan. He will use the standard deduction of $12,000 since he is single. Estimate Brad's FICA taxes and his personal income taxes.

Answer rating: 100% (QA)

To estimate Brads FICA taxes Social Security and Medicare and personal income taxes we need to consi... View the full answer