Chat with us, powered by LiveChat Question This practical application requires you to compute additional Medicare tax for a high-wage earner and rep - EssayAbode

Question This practical application requires you to compute additional Medicare tax for a high-wage earner and rep

 

This practical application requires you to compute additional Medicare tax for a high-wage earner and report the information using the applicable tax form.

Tax forms are used to report PBC and source document information on your individual income tax return (e.g. Form 1040).

DUE DATE

  • By Saturday at 11:59 P.M., CT.

Case Information

Lionel, a single taxpayer, reported $46,175 of self-employment income on his 2018 Schedule SE, Section B, Line 6.

Lionel also received two Forms W-2 in 2018; the applicable amounts for Medicare wages and Medicare tax withheld are summarized below:

LIONEL'S W-2 FORMS

Form W-2 DescriptionForm W-2 Box #AmountEmployer A
Medicare wages and tipsBox 5119,000.00Employer A
Medicare tax withheldBox 61,725.50Employer B
Medicare wages and tipsBox 570,000.00Employer B
Medicare tax withheldBox 61,015.00

DIRECTIONS

    Related Tags

    Academic APA Assignment Business Capstone College Conclusion Course Day Discussion Double Spaced Essay English Finance General Graduate History Information Justify Literature Management Market Masters Math Minimum MLA Nursing Organizational Outline Pages Paper Presentation Questions Questionnaire Reference Response Response School Subject Slides Sources Student Support Times New Roman Title Topics Word Write Writing