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Author Question: In December, 2010, Bob Cratchit worked for Scrooge & Marley and earned 1,000. Federal income tax ... (Read 104 times)

jazziefee

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on: Jul 5, 2018
In December, 2010, Bob Cratchit worked for Scrooge & Marley and earned 1,000. Federal income tax withholding is 10. The FICA rate is 6.2 and the Medicare tax is 1.45.
 
  How much cash will Scrooge & Marley pay the government for FICA because of Bob's December earnings?
  A) 62.00
  B) 124.00
  C) 14.50
  D) 29.00

Question 2

Self-employment income is the gross income of a trade or business run by an individual.
 a. True
   b. False
   Indicate whether the statement is true or false


mirabriestensky

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

False


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