Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of...
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Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $72,000 of self- employment income. On April 1, 2021, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Incorporated From April through the end of the year, Kyle earned $199,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? (Round your intermediate calculations to the nearest whole dollar amount.) X Answer is complete but not entirely correct. Self-employment/FICA tax 2$ 22,551 X Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $72,000 of self- employment income. On April 1, 2021, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Incorporated From April through the end of the year, Kyle earned $199,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? (Round your intermediate calculations to the nearest whole dollar amount.) X Answer is complete but not entirely correct. Self-employment/FICA tax 2$ 22,551 X
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Self employmentFICA TAX 13940 Particulars Explanation Amount Social security ... View the full answer
Related Book For
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
Posted Date:
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