If you pay $20,000 to Medicare, what is your income?

Answer 1

$1,379,310 paid over a number of years.

Answer 2

Medicare tax is 1.45% of all wages or 2.9% of 92.35% of Self-Employment profit. So, to pay that much in Medicare tax would require an earned income of $1,379,310.34 from wages or $746,784.16 in profit from Self-Employment.

Answer 3

$1,379,310.35. Did you really earn that much or is this a math problem? It is figured by dividing the amount you paid in $20,000 by the current rate 1.45% or .0145.