Sarah's Annual Income is $60,205. How much Medicare tax did Sarah pay? Medicare tax rate is 1.45%.

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Sarah's Annual Income is $60,205.

How much Medicare tax did Sarah pay? Medicare tax rate is 1.45%. Round to the nearest hundredth or penny.

b) How much Social Security tax did Sarah pay? Social Security tax rate is 6.2%. Her annual income is $60,205. Round to the nearest penny or hundredth.

c) What is Sarah's Net Annual Income?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 23, 2024 01:33 AM

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Sarah's Annual Income is $60,205. How much Medicare tax did Sarah pay? Medicare tax rate is 1.45%.

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Income Tax Fundamentals 2013

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