Question

For a certain group of people who are not self-employed, the tax rate were as follows: 7.65% on the first $102000 from wages and tips
1.45% on income in excess of 120,000
people who are self employed pay double the rates shown above. Tax payers are not permitted to subtsubtract adjustment, exemption a or deduction frim these taxes. If you are self employed and earn 103,000, what are your taxes ?