! Required information [The following information applies to the questions displayed below.] Eva received $60,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $5,000 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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M83.

 

!
Required information
[The following information applies to
the questions displayed below.]
Eva received $60,000 in
compensation payments from JAZZ
Corporation during 2022. Eva
incurred $5,000 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.
d. Assume that Eva is considered to be a self-
employed contractor. What is her regular tax liability
for the year?
Regular tax liability
10
$
3,460
Transcribed Image Text:! Required information [The following information applies to the questions displayed below.] Eva received $60,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $5,000 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. d. Assume that Eva is considered to be a self- employed contractor. What is her regular tax liability for the year? Regular tax liability 10 $ 3,460
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