Question: Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020. During that time, he earned $66,000 of self-employment
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020. During that time, he earned $66,000 of self-employment income. On April 1, 2020, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. From April through the end of the year, Kyle earned $176,000 in salary. Assume CARES Act applies. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?
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