Question: Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2 0 2 4 . During that time, he

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2024. During that time, he earned
$86,000 of self-employment income. On April 1,2024, 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 $344,000 in salary.
What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Answer is complete but not entirely correct.Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2024. During that time, he earned $86000 of self-employment income. On April 12024, 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 $344,000 in salary. What amount of FICA taxes (self employment and employment related) does Kyle owe for the year?
 Kyle, a single taxpayer, worked as a freelance software engineer for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!