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How much estimated tax must Marc send to the IRS

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Reference no: EM132812797

Question - Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $301,000 this year. His social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and his federal income tax rate is 24%. How much estimated tax (in $) must Marc send to the IRS each quarter?

Reference no: EM132812797

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