Laurie is self-employed and expects to make $96,000 in 2007. Her social security tax rate
is 12.4% up to the wage base, Medicare is 2.9%, and her estimated federal income tax
rate is 25%. What is Laurie’s expected tax payment for the fourth quarter?
A. $6,000.00 C. $8,667.60
B. $7,971.60 D. $9,672.00
C
0 answers