Paul stoddard is self-employed with an annual salary of, Ask an Expert

Accounting

Paul Stoddard is self-employed with an annual salary of $90,000. He claims 1 exemption. His social security tax rate is 12.42%, Medicare is 2.9%, and his estimated federal income tax rate is 14%. How much quarterly estimate tax must Paul sent to the IRS in the first quarter?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91961351

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