Darrell Owns A Consulting Business And Has An Estimated Annual Income Of$63,000. His Social Security Tax Is 12.4% And His Estimated Federal Income Tax Rate Is 22%. How Much Darrell Send To The IRS For The First Quarter?

2 Answers

Anonymous Profile
Anonymous answered
From the information given

Darrell's estimated annual income I = 63000$
Darrel's social Security Tax, ST = 12.4 %
Darrel's federal Income Tax, IT = 22 %
Darrel's annual taxes paid would be = 63000 X 0.124 X 0.22 = 1718.64 $
Amount sent to IRS for the first quarter = 1718.64 X 1/4 = 429.66 $

Answer Question

Anonymous