Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kyle, a single taxpayer, worked as a freelance sof

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months...

50.1K

Verified Solution

Question

Accounting

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $54,000 of self-employment income. On April 1, 2021, 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 $200,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

7 3 1 point The following triangles are similar 4x 6 G True False F...

Electrical Engineering
1.2K views

Design an 8-bit ALU Circuit diagram,

Physics
1.2K views

21 A solid cylinder is rolling down on an inclined plane of angle 0 The...

Geometry
1.2K views

If m BC in circle A is 60 what is mzBDC B A 60 B...

Basic Math
1.2K views

John runs 3 miles in 1/2 of an hour. At the same pace, how many...

Basic Math
1.2K views

Answer the question below Type your response in the space provided A cube with a...

Algebra
1.2K views

How many solution(s) does the equation x+2/x-4-1/x=4/x - 4x have ?(a) 0(b)1(c)2(d)3

Accounting
1.2K views

For the year ended December 31, Lopez Company implements an employee bonus program based on...

Accounting
1.2K views

Assisi Electronics manufactures motherboards for computers. The company is divided into two divisions: manufacturing and...

Accounting
1.2K views

The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. ...

Accounting
1.2K views

could you show the formulas as well please

Finance
1.2K views

3c) The risk-free rate is 3%. The credit-spread of a bond (the difference between the...