Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kyle, a single taxpayer, worked as a free-lance so

Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months...

50.1K

Verified Solution

Question

Accounting

Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months of 2018. During that time, he earned $44,000 of self-employment income. On April 1, 2018, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. 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? (Round your intermediate calculations to the nearest whole dollar amount.)

Self Employement/FICA tax

THIS IS FOR 2018

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

describe the components of endomembrane system:nuclear envelope,endoplasmic reticulum,golgi appartaus,lysosomes,vacuoles,plasma membrane with their functions and structure 2-3 sentences each,in your...

Biology
Q

Identify the charge on the transition metal center and the number of valence d electrons it...

Chemistry
Q

A long cylindrical rod of 100 mm radius consists of a nuclear material (k = 0.5...

Mechanical Engineering
Q

In which phase s of the cell cycle is the status of the DNA assessed...

Biology
Q

What is the main function of leucoplasts aka amyloplasts plant defense aiding in seed dispersal...

Biology
Q

Write and simplify but do not evaluate an integral with respect to x that gives...

Calculus
Q

Is the function f(x) = 3 one-to-one? ? Yes ...

Algebra
Q

Multiply (? + 2i)(? - 2i)(? + 2i)(? - 2i) = ________

Algebra
Q

Requirement 1. Requiremen Compute cost of goods sold and gross profit using the FIFO inventory...

Accounting
Q

Assume the Federal Interstate Commission began the fiscal year with the following account balances: 1....

Accounting
Q

Over the past 5 years, the River Valley Company has posted a 3% risk-free rate...

Finance
Q

finally, using the above calculations, what is SpaceX's FY cash flow from assets?

Finance