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Kyle, a single taxpayer, worked as a freelance software engineer for the first three months...

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Accounting

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2024. During that time, he earned $44,000 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 $178,000 in salary.
What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? In 2024, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000(married filing jointly). Carson's parents provided most of his support.
What is Carson's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference.
a. Carson is 17 years old at year-end and earned $15,000 from his summer job and part-time job after school. This was his only source of income.

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