Question

8. Bobbie is self-employed and made a profit of $22, 150 last year. She mustpay $2572 in income tax. She also must pay social security tax of 13.3% ofher profit. What is Bobbie's total tax liability? Round to the nearestdollar,a $5912b. $4998c. $5518

Answer 1

income tax = $2572

social security tax = 13.3% of the profit

= 13.3% of $22,150

= 13.3/100 * 22,150 = $2,945.95

So, the total tax =

2572 + 2,945.95 = $5,517.95

Rounding to the nearest dollar

the total tax = $5,518

The answer is option C. $5,518