Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned $72,000 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 $205,500 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
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned $72,000 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 $205,500 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
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 72IIP
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![Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2022. During that time, he earned
$72,000 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 $205,500 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd9bdc9c3-2155-4d01-a04b-e56a32727595%2F74ee3360-687d-42a8-81cf-279f515cf347%2Fhz7rxl9_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
$72,000 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 $205,500 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
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