Please help with part b. Taylor Talbot receives wages amounting to $116,600. Their net earnings from self-employment amount to $32,800. Talbot must count $30,400 of their earnings in determining taxable self-employment income for OASDI taxes. OASDITaxableWageBaseWagesReceived$147,000=$116,600OASDITaxableSelf- EmploymentIncome$30,400 Ralph Henwood was paid a salary of $80,400 during 20 -- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of $71,000 on his income tax return for 20. Compute the following: a. The amount of FICA taxes that was withheld from his earnings during 20-- by Odesto Company. OASDI HI b. Henwood's self-employment taxes on the income derived from the public accounting business for 20. OASDI $$XX.

1. Please help with part b. Taylor Talbot receives wages amounting to $116,600. Their net earnings
from self-employment amount to $32,800. Talbot must count $30,400 of their earnings in
determining taxable self-employment income for OASDI taxes.
OASDITaxableWageBaseWagesReceived$147,000=$116,600OASDITaxableSelf-
EmploymentIncome$30,400 Ralph Henwood was paid a salary of $80,400 during 20 -- by
Odesto Company. In addition, during the year Henwood started his own business as a public
accountant and reported a net business income of $71,000 on his income tax return for 20.
Compute the following: a. The amount of FICA taxes that was withheld from his earnings during
20-- by Odesto Company. OASDI HI b. Henwood's self-employment taxes on the income
derived from the public accounting business for 20. OASDI $$XX