Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kyle, a single taxpayer, worked as a freelance sof

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

60.1K

Verified Solution

Question

Accounting

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of2024. During that time, he earned $54,000of 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 $216,000in 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.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain how the cash flow cycle works.

Finance
Q

2 A Human Relations manager believes that an individual's wage rate at the factory depends on the individual...

Basic Math
Q

Calculate the mass in grams of hydrogen chloride produced when 5.95 L of molecular hydrogen measured...

Chemistry
Q

Create a new file name condition_quiz.py. Add a comment with your name and the date. Prompt the...

Programming
Q

If you were writing that the theme of "A Piece of String" was that "people...

Biology
Q

What is the function description of the structure labeled as 192 5 12 2 3...

Biology
Q

A batter hits a 0 3 lb baseball at a speed of v 110 ft...

Physics
Q

Fig Shows a plane mirror onto which a light ray incident If the incidenting light...

Physics
Q

Data was collected for 300 fish from the North Atlantic The length of the fish...

Statistics
Q

How fast can male college students run a mile There s lots of variation of...

Statistics
Q

10 1 point To attract business the manager of a sports equipment store decreased the...

Algebra
Q

The expected average rate of return for a proposed investment of $5,550,000 in a fixed...

Accounting