Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at $38,700. How much social security and Medicare must he pay this year? Annual Gross Earnings Rate Withholding Social security Medicare

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net
earnings at $38,700. How much social security and Medicare must he pay this year?
Annual
Gross
Earnings
Rate
Withholding
Social security
Medicare
Transcribed Image Text:Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at $38,700. How much social security and Medicare must he pay this year? Annual Gross Earnings Rate Withholding Social security Medicare
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