Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned $88,000 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 $204,000 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-employmentFICA tx 14,620
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned $88,000 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 $204,000 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-employmentFICA tx 14,620
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
6
![Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned
$88,000 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 $204,000 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-employmentFICA tax
$ 14,820](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb19a00b8-3726-4865-9cae-07d3b3268459%2F10837801-a01a-49ca-91b9-add0f57468b6%2F5w6znd5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned
$88,000 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 $204,000 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-employmentFICA tax
$ 14,820
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