Post a New Question

math

posted by on .

a income of 63000.00 his social security tax is 12.4%, medicare is 2.9% and his estimated federal income tax rate is 22%. how much quarterly estimated tax must his send to the irs for the quarter

  • math - ,

    If you do it as suggested

    (1/4)(63,000)( .124 + .029 + .22 )

    However this is over simplified because it ignores deductions and exemptions and credits.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question