Question: Required information Problem 8-68 (LO 8-3) (Algo) Skip to question [The following information applies to the questions displayed below.] Eva received $74,000 in compensation payments
Required information
Problem 8-68 (LO 8-3) (Algo)
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[The following information applies to the questions displayed below.]
Eva received $74,000 in compensation payments from JAZZ Corporation during 2023. Eva incurred $11,500 in business expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any of these expenses. Eva is single and deducts a standard deduction of $13,850. Based on these facts, answer the following questions: Use Tax Rate Schedule for reference.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and final answers to the nearest whole dollar amount.
Problem 8-68 Part a (Algo)
a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
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