Question 182310
.
social security tax: .124(63000)
medicare: .029(63000)
income tax: .22(63000)
.
Therefore quarterly estimated tax:
(.124(63000)+.029(63000)+.22(63000))/4
(63000)(.124+.029+.22)/4
(63000)(0.373)/4
23499/4
$5874.75 (estimated quarterly tax)