Compute Lenny's estimated tax payment for the third quarter. He is self-employed and he expects to earn $44,800.00 this year. His estimated income tax rate is 18%. (For self-employed persons, Social...


Compute Lenny's estimated tax payment for the third quarter. He is self-employed and he expects to earn $44,800.00 this year. His estimated income tax rate is 18%. (For self-employed persons, Social Security tax is 12.4% of wages up to $128,400, and Medicare tax is 2.9% of all wages.)


$1,864.80

$3,729.60

$8,064.00

$14,918.40



Jun 08, 2022
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