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Individuals

Schedule X$-$Single

If taxable income is over:But not over:The tax is:$ $0$$$11,60010\%$ of taxable income$ $11,600$$ $47,150$$$1,160$ plus $12\%$ of the excess over $$11,600$$ $47,150$$ $100,525$$$5,426$ plus $22\%$ of the excess over $$47,150$$ $100,525$$ $191,950$$$17,168\mathrm{.}50$ plus $24\%$ of the excess over $$100,525$$ $191,950$$ $243,725$$$39,110\mathrm{.}50$ plus $32\%$ of the excess over $$191,950$$ $243,725$$ $609,350$$$55,678\mathrm{.}50$ plus $35\%$ of the excess over $$243,725$$ $609,350$$$183,647\mathrm{.}25$ plus $37\%$ of the excess over $$609,350$

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Required information

Problem $8-68($LO $8-3)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Eva received $$59,400$ in compensation payments from JAZZ Corporation during $2024.$ Eva incurred $$6,500$ 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 $$14,600.$ 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?

b$.$ Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?

c$.$ Assume that Eva is considered to be a self$-$employed contractor. What are her self$-$employment tax liability and additional Medicare tax liability for the year?

d$.$ Assume that Eva is considered to be a self$-$employed contractor. What is her regular tax liability for the year?

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