During the year 2021, William has a job as an accountant, he earns a salary of $100,000.

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During the year 2021,

William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000.

What are William's total employment (FICA) taxes for the year? Please use the 2021 tax base limit which is 142,800.

Posted Date: Oct 19, 2021 09:25 PM

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During the year 2021, William has a job as an accountant, he earns a salary of $100,000.

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CALCULATION OF SELF EMPLOYMENT TAXES SOCIAL MEDICARE ... View the full answer

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