Debbie is self employed. She owns a bicycle repair business. She earns $120,000 from net self-employment income.
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Debbie is self employed. She owns a bicycle repair business. She earns $120,000 from net self-employment income. The Social Security Income Limit for the year (for Social Security taxes) is $80,000. How much does Debbie pay in total FICA taxes for the year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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