Assume that eva is considered to be an employee

Reference no: EM133389202

Case: Eva received $81,000 in compensation payments from JAZZ Corporation during 2022. Eva incurred $15,000 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.

Required:

Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?
Assume that Eva is considered to be a self-employed contractor. What are her self-employment tax liability and additional Medicare tax liability for the year?
Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year?

Reference no: EM133389202

Questions Cloud

How should quaker inn management respond to burt threat : How should Quaker Inn's management respond to Burt's threat? From Burt's point of view, do you see any unintended consequences if he follows through

Write an algorithm via which someone could walk : Write an algorithm (i.e., step-by-step instructions) via which someone could walk or drive from some origin to some destination, perhaps a path that you

Elements of the republic made it democratic : Which elements of the Republic made it democratic? Which elements made you question the Republic's democratic nature?

Describe ethical principles supporting the actions : Describe ethical principles supporting the actions of the principal actors (such as minimizing harm or damage to targets of the attacks) in a computer ethics

Assume that eva is considered to be an employee : Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? Assume that Eva is considered to be an employee.

Compare the political and economic : Compare the political, economic, and social lives of late 19th century western Europeans with the people living in Russia and eastern Europe.

Describe the innovations the organization has launched : Analyze the role of IT in the chosen business and describe the innovations the organization has launched. Explain the reasons the innovations were either succes

Describe key features of a tax agent organisational policy : Describe the key features of a tax agent's organisational policy covering the reconstruction of tax documentation for its business clients.

Reflect and observe on how hci issues permeate : Reflect and observe on how HCI issues permeate what we do and how others are affected by how technology is designed and used

User Account

All Pages