Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed.Frank Weller, surveyor, earned $29,406.82

A. $3546.45, $752.80
B. $1823.22, $852.80
C. $3646.45, $852.80
D. $1823.22, $426.40


Answer: C

Mathematics

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