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5 votes
Suppose Borman earned $148,000 last year. She calculates her self-employment tax by multiplying

$148,000 by 15.3%, which equals $22,644. Is Borman correct? Briefly explain.

User Blongho
by
6.4k points

1 Answer

4 votes

Answer:

Yes Borman is correct.

Explanation:

Borman moved the decimal point 2 spaces to the left which gave her 0.153

Then she multiplied that by $148,000 to get 15.3% of it which would give her $22,644 so therefore, she is correct.

User Bagonyi
by
6.4k points
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