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Compute Jessy's estimated tax payment for the first quarter. She is self-employed and she expects...

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Accounting

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Compute Jessy's estimated tax payment for the first quarter. She is self-employed and she expects to earn $64,000 this year. Her estimated income tax rate is 25%. For selfemployed persons, social security tax is 12.4% of wages up to $113,700, and Medicare tax is 2.9% of all wages

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