Eva received $60,000 in
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 21CE: Last year Aleshia identified 15,000 as a nonbusiness bad debt. In that tax year, before considering...
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![Eva received $60,000 in compensation payments from JAZZ Corporation during 2023. Eva incurred $5,000 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 $13,850. 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.
d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year?
Regular tax liability](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf5ebb28-bb11-43f3-8229-ba9621ad33e6%2Fb5c1668d-561a-4c08-9549-d0e1632fa99b%2Fg24rzju_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Eva received $60,000 in compensation payments from JAZZ Corporation during 2023. Eva incurred $5,000 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 $13,850. 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.
d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year?
Regular tax liability
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