Question: helps me, please 1- As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $59089 this year.
1- As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $59089 this year. How much must you pay as your FICA contribution?
2- You have $153,000 in your retirement account that is earning 7% per year. How many dollars in withdrawals per year would reduce this nest egg to zero in 20 years?
3-Your employer has promised you a pension of $40,000 per year in retirement. How much money must be invested in the pension fund at retirement in order to fully fund your pension for 15 years if the pension fund earns a 6% return in each year?
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