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Compute the amount of fica taxes that was withheld

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Question - Ralph Henwood was paid a salary of $64,600 during 2018 by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $70,000 on his income tax return for 2018. Compute the following:

a. The amount of FICA taxes that was withheld from his earnings during 2018 by Odesto Company.

b. Henwood's self-employment taxes on the income derived from the public accounting business for 20--.

Reference no: EM132132682

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