Alza Grajek is a self-employed nurse with 2020 salary income of $78,000.00 and taxable annual income (federal and state) of $55,000.00 after adjustments and deductions Calculate her total 2020 income tax liability, including federal and FICA taxes. According to the IRS tax table, Aliza's federal and state income tax liability for the 2020 tax year is $ (Round to the nearest cent) Click the following link for the tax rates and brackets table Aliza's Social Security and Medicare tax liability for the 2020 tax year is $(Round to the nearest cent) Aliza's total tax liability for the 2020 tax year is $ (Round to the nearest cent)

Alza Grajek is a self-employed nurse with 2020 salary income of $78,000.00 and taxable annual income (federal and state) of $55,000.00 after adjustments and deductions Calculate her total 2020 income tax liability, including federal and FICA taxes. According to the IRS tax table, Aliza's federal and state income tax liability for the 2020 tax year is $ (Round to the nearest cent) Click the following link for the tax rates and brackets table Aliza's Social Security and Medicare tax liability for the 2020 tax year is $(Round to the nearest cent) Aliza's total tax liability for the 2020 tax year is $ (Round to the nearest cent)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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