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April 18, 2014

Homework Help: math

Posted by sharon on Thursday, June 6, 2013 at 2:10pm.

Ransford Alda is a self-employed security consultant with estimated annual earnings of $90,000. His social security tax rate is 12.4%, Medicare is 2.9%, and his federal income tax rate 14%. How much estimated tax must Ransford send to the IRS each quarter?

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