7 Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned$84,000 of self-employment income. On April 1, 2022, 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 $174,000 in salary.What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?Note: Round your intermediate calculations to the nearest whole dollar amount.Self-employment/FICA tax

FICA tax consists of two parts one is social security and another is medicare and that is necessary…

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months $84,000 of self-employment income. On April 1, 2022, Kyle took a job as a full-time softwa Hoogle Incorporated From April through the end of the year, Kyle earned $174,000 in salar What amount of FICA taxes (self-employment and employment related) does Kyle owe for Note: Round your intermediate calculations to the nearest whole dollar amount. Self-employment/FICA tax

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months $84,000 of self-employment income. On April 1, 2022, Kyle took a job as a full-time softwa Hoogle Incorporated From April through the end of the year, Kyle earned $174,000 in salar What amount of FICA taxes (self-employment and employment related) does Kyle owe for Note: Round your intermediate calculations to the nearest whole dollar amount. Self-employment/FICA tax

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 72IIP

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