Eva received $57,000 in compensation payments from JAZZ Corp.during 2020. Eva incurred $8,000 in...

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Accounting

Eva received $57,000 in compensation payments from JAZZ Corp.during 2020. Eva incurred $8,000 in business expenses relating toher work for JAZZ Corp. JAZZ did not reimburse Eva for any of theseexpenses. Eva is single and she deducts a standard deduction of$12,400. Based on these facts, answer the following questions: UseTax Rate Schedule for reference. (Leave no answer blank.Enter zero if applicable.)
Problem 8-68 Part a (Algo)
a. Assume that Eva is considered to be anemployee. What amount of FICA taxes is she required to payfor the year? (Round your final answer to the
Amount of FICA taxes?_____
c. Assume that Eva is considered to be aself-employed contractor. What is her self-employment taxliability and additional Medicare tax liability for the year?(Round your intermediate computations & final answersto the nearest whole dollar amount. Leave no answer blank. Enterzero if applicable.)
Self Employment tax liability?
Additional Medicare Tax Liability?_
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Rasheed works for Company A, earning $382,000 in salary during2020.

Assuming he is single and has no other sources of income, whatamount of FICA tax will Rasheed pay for the year? (Roundyour intermediate and final answer to the nearest whole dollaramount.)
Amount of FICA TAX?_
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Carol works for ABC Company and earned $66,000 for the entireyear 2018. How much in FUTA tax is her employer required towithhold in her name? Assume that the employer receives the maximumcredit for state unemployment taxes.
Multiple Choice
A.$49.40.
B.$0.
C.$450.00.
D.$42.00.
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Alice is single and self-employed in 2020. Her net businessprofit on her Schedule C for the year is $184,000.

What is her self-employment tax liability and additional Medicaretax liability for 2020? (Round your finalanswer to the nearest whole dollar amount. Leaveno answer blank. Enter zero if applicable.)
Self Employment tax liability?
Additional Medicare Tax Liability?_

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Eva received 57000 in compensation payments from JAZZ Corp during 2020 Eva incurred 8000 in business expenses relating to her work for JAZZ Corp JAZZ did not reimburse Eva for any of these expenses Eva is single and she deducts a standard deduction of 12400 Based on these facts answer the following questions Use Tax Rate Schedule for reference Leave no answer blank Enter zero if applicable Problem 868 Part a Algo a Assume that Eva is considered to be an employee What amount of FICA taxes is she required to pay for the year Round your final answer to the Amount of FICA taxes 57000 x 765 436050 Evas salary is See Answer

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In: AccountingEva received $57,000 in compensation payments from JAZZ Corp.during 2020. Eva incurred $8,000 in business...Eva received $57,000 in compensation payments from JAZZ Corp.during 2020. Eva incurred $8,000 in business expenses relating toher work for JAZZ Corp. JAZZ did not reimburse Eva for any of theseexpenses. Eva is single and she deducts a standard deduction of$12,400. Based on these facts, answer the following questions: UseTax Rate Schedule for reference. (Leave no answer blank.Enter zero if applicable.)Problem 8-68 Part a (Algo)a. Assume that Eva is considered to be anemployee. What amount of FICA taxes is she required to payfor the year? (Round your final answer to theAmount of FICA taxes?_________c. Assume that Eva is considered to be aself-employed contractor. What is her self-employment taxliability and additional Medicare tax liability for the year?(Round your intermediate computations & final answersto the nearest whole dollar amount. Leave no answer blank. Enterzero if applicable.)Self Employment tax liability?______Additional Medicare Tax Liability?_____---------------------------------------------------------------------------Rasheed works for Company A, earning $382,000 in salary during2020.Assuming he is single and has no other sources of income, whatamount of FICA tax will Rasheed pay for the year? (Roundyour intermediate and final answer to the nearest whole dollaramount.)Amount of FICA TAX?_________---------------------------------------------------------------------------Carol works for ABC Company and earned $66,000 for the entireyear 2018. How much in FUTA tax is her employer required towithhold in her name? Assume that the employer receives the maximumcredit for state unemployment taxes.Multiple ChoiceA.$49.40.B.$0.C.$450.00.D.$42.00.---------------------------------------------------------------------------Alice is single and self-employed in 2020. Her net businessprofit on her Schedule C for the year is $184,000.What is her self-employment tax liability and additional Medicaretax liability for 2020? (Round your finalanswer to the nearest whole dollar amount. Leaveno answer blank. Enter zero if applicable.)Self Employment tax liability?______Additional Medicare Tax Liability?_____