Question

An All-Star baseball player earning $25,000,000 per yearplays 162 games per year. If you divide the salary by thenumber of games, does that baseball player reach this year'smaximum taxable income in the first game of the year?

Answer 1

Answer:

Yes, the baseball player reaches this year's maximum taxable income in the first game of the year

Explanations:

According to OASDI, the maximum taxable income for 2020 is $137,700

Yearly earnings of the player = $25,000,000

Number of games played per year = 162

Salary earned per game = 25000000/162

Salary earned per game = $154, 321 (approximately)

Salary earned per game ( $154, 321) is greater tha the maximum taxable income for year 2020.