Eva received $63,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $6,000 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 $12,950. 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. Problem 8-68 Part d (Algo) d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? Regular tax liability
Eva received $63,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $6,000 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 $12,950. 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. Problem 8-68 Part d (Algo) d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? Regular tax liability
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $63,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $6,000 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 $12,950. 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.
Problem 8-68 Part d (Algo)
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%2Fff632734-ff2a-4ddb-acf0-339d9f46d538%2F817e4d93-48c2-4abc-924e-730b18a53177%2Frsilt4d_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $63,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $6,000 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 $12,950. 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.
Problem 8-68 Part d (Algo)
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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