Question: This is the entire problem. No additional information provided. Iva received $80,000 in compensation payments from MIC Corporation during 2022. IVA incurred $14,500 in business

This is the entire problem. No additional information provided.

Iva received $80,000 in compensation payments from MIC Corporation during 2022. IVA incurred $14,500 in business expenses relating to her work for MIC Corporation MIC did not reimburse Iva for any of these expenses. iva is single and deducts a standard deduction of $12,950. 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.

Required:

2022 Tax Rate Schedules

IndividualsSchedule X-Single

If taxable income is over:

But not over:

The tax is:

$ 0

$ 10,275

10% of taxable income

$ 10,275

$ 41,775

$1,027.50 plus 12% of the excess over $10,275

$ 41,775

$ 89,075

$4,807.50 plus 22% of the excess over $41,775

$ 89,075

$ 170,050

$15,213.50 plus 24% of the excess over $89,075

$ 170,050

$ 215,950

$34,647.50 plus 32% of the excess over $170,050

$ 215,950

$ 539,900

$49,335.50 plus 35% of the excess over $215,950

$ 539,900

$162,718 plus 37% of the excess over $539,900

Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)

If taxable income is over:

But not over:

The tax is:

$ 0

$ 20,550

10% of taxable income

$ 20,550

$ 83,550

$2,055 plus 12% of the excess over $20,550

$ 83,550

$ 178,150

$9,615 plus 22% of the excess over $83,550

$ 178,150

$ 340,100

$30,427 plus 24% of the excess over $178,150

$ 340,100

$ 431,900

$69,295 plus 32% of the excess over $340,100

$ 431,900

$ 647,850

$98,671 plus 35% of the excess over $431,900

$ 647,850

$174,253.50 plus 37% of the excess over $647,850

Schedule Z-Head of Household

If taxable income is over:

But not over:

The tax is:

$ 0

$ 14,650

10% of taxable income

$ 14,650

$ 55,900

$1,465 plus 12% of the excess over $14,650

$ 55,900

$ 89,050

$6,415 plus 22% of the excess over $55,900

$ 89,050

$ 170,050

$13,708 plus 24% of the excess over $89,050

$ 170,050

$ 215,950

$33,148 plus 32% of the excess over $170,050

$ 215,950

$ 539,900

$47,836 plus 35% of the excess over $215,950

$ 539,900

$161,218.50 plus 37% of the excess over $539,900

Schedule Y-2-Married Filing Separately

If taxable income is over:

But not over:

The tax is:

$ 0

$ 10,275

10% of taxable income

$ 10,275

$ 41,775

$1,027.50 plus 12% of the excess over $10,275

$ 41,775

$ 89,075

$4,807.50 plus 22% of the excess over $41,775

$ 89,075

$ 170,050

$15,213.50 plus 24% of the excess over $89,075

$ 170,050

$ 215,950

$34,647.50 plus 32% of the excess over $170,050

$ 215,950

$ 323,925

$49,335.50 plus 35% of the excess over $215,950

$ 323,925

$87,126.75 plus 37% of the excess over $323,925

1)Assume that Iva is considered to be a self-employed contractor. What is her regular tax liability for the year?

Answer is not: $17,745; $10,259; $4,529; $6163.25; $9254.85525

Previous question asked for self employment tax liability which is correctly answered at $9,255. please show your work, I've redone the calculations

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