Solution-Compute the payroll and self-employment

Compute the payroll and self-employment

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Reference no: EM131961375

Exercise - Andrea is an employee of Fern Corporation. She also has her own business working as a life coach. For 2017, Andrea's wages from Fern were $292,000. Her self-employment income was $47,000 (line 4, Form SE, based on 92.35% of net earnings as a life coach).

If required, round any computations to two decimal places. Round final answers to the nearest dollar. Compute the payroll, self-employment, and additional Medicare taxes for Andrea for 2017.

Reference no: EM131961375

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Compute the payroll and self-employment

Reference no: EM131961375

Reference no: EM131961375

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