Kyle, a single taxpayer, worked as $74,000 of self-employment income. On April 1, 2023, 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 $168,000 in salary What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Kyle, a single taxpayer, worked as $74,000 of self-employment income. On April 1, 2023, 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 $168,000 in salary What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2023. During that time, he earned
$74,000 of self-employment income. On April 1, 2023, 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 $168,000 in salary.
What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Self-employment/FICA tax](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d59eb43-6288-4a33-bf92-1fbfe78b3f59%2F965a4c27-c0f4-41e0-8e2d-ba1dc8e70e73%2Fdarxoff_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 2023. During that time, he earned
$74,000 of self-employment income. On April 1, 2023, 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 $168,000 in salary.
What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Self-employment/FICA tax
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