Paul stoddard is self-employed with an annual salary of


Paul Stoddard is self-employed with an annual salary of $90,000. He claims 1 exemption. His social security tax rate is 12.42%, Medicare is 2.9%, and his estimated federal income tax rate is 14%. How much quarterly estimate tax must Paul sent to the IRS in the first quarter?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Paul stoddard is self-employed with an annual salary of
Reference No:- TGS01588980

Expected delivery within 24 Hours