Maxine is a self-employed writer. She averages a monthly income of$3,250. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $248.63b. $2,983.50c. $5,857.80d. $39,000

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Steve Vinoski asked Jul 12, 2023

429,198 views

37 votes

Maxine is a self-employed writer. She averages a monthly income of$3,250. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $248.63b. $2,983.50c. $5,857.80d. $39,000

Mathematics
college

Steve Vinoski asked Jul 12, 2023

by Steve Vinoski

2.9k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

6 votes

Answer:

Alternative C - $5,857.80

Step-by-step explanation:

The annual income (I) of Maxine is:

I = 12*3,250

I = $39,000

The tax (T) Maxine needs to pay each year:

T = 0.1502*39,00

T = $5,857.8

JavierCane answered Jul 18, 2023

by JavierCane

3.0k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions