Question 1) How much income tax, social security tax and Medicare tax will you pay if your income is: Income tax Social Security Tax .062 x gross income, up to a maximum of $127,200 Medicare tax .0145 x gross income, no cap $190,000 $70,000 $25,000

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Question 1) How much income tax, social security tax and Medicare tax will you pay if your income is: Income tax Social Security Tax

Business May 08, 2021

Question 1) How much income tax, social security tax and Medicare tax will you pay if your income is:

	Income tax	Social Security Tax .062 x gross income, up to a maximum of $127,200	Medicare tax .0145 x gross income, no cap
$190,000
$70,000
$25,000

PFA

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