last year, ernesto made $15,500 from his part - time job with the usps. he also made $500 in dividends from…

last year, ernesto made $15,500 from his part - time job with the usps. he also made $500 in dividends from his investments, $3500 driving for uber, and $15 in interest from his savings account. how much of his income would be subject to fica taxes? $15,500 $19,515 $515 $19,000

last year, ernesto made $15,500 from his part - time job with the usps. he also made $500 in dividends from his investments, $3500 driving for uber, and $15 in interest from his savings account. how much of his income would be subject to fica taxes? $15,500 $19,515 $515 $19,000

Answer

Explanation:

Step1: Identify taxable income sources

FICA taxes apply to earned income (wages, salaries, self - employment income). Dividends and interest are not subject to FICA taxes. Earned income here is from USPS job and Uber driving.

Step2: Calculate total taxable income

Add income from USPS job ($15500) and Uber driving ($3500). $15500 + 3500=19000$

Answer:

$19,000$