document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=182310>Question 182310</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Darrell owns a consulting business and has a estimated annual income of $63000.00.  His social security tax is 12.4%, medicare is 2.9% and his estimated federal income tax rate is 22%. How much quarterly estimated tax must Darrell send to the IRS for the first quater.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #136843 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=136843\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "social security tax: .124(63000)<BR>\n" );
document.write( "medicare: .029(63000)<BR>\n" );
document.write( "income tax: .22(63000)<BR>\n" );
document.write( ".<BR>\n" );
document.write( "Therefore quarterly estimated tax:<BR>\n" );
document.write( "(.124(63000)+.029(63000)+.22(63000))/4<BR>\n" );
document.write( "(63000)(.124+.029+.22)/4<BR>\n" );
document.write( "(63000)(0.373)/4<BR>\n" );
document.write( "23499/4<BR>\n" );
document.write( "$5874.75 (estimated quarterly tax)<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );