1. Gosney Corporation has 2 employees. During the current year, Clinton earns $64,000 and Trahn…

1. Gosney Corporation has 2 employees. During the current
year, Clinton earns $64,000 and Trahn earns $120,000. How much Social Security
tax does Gosney have to pay on the salaries earned by Clinton and Trahn?

2. Eric is a self-employed financial consultant. During the
current year, Eric’s net self-employment income is $115,000. What is Eric’s
self-employment tax? Communication Skills