What amount of fica taxes

Assignment Help Accounting Basics
Reference no: EM13681145

Kyle worked as a free-lance software engineer for the first three months of 2014. During that time, he earned $54,000 of self-employment income. On April 1, 2014, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. 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? (Round your intermediate and final answer to the nearest dollar amount.)

Reference no: EM13681145

Questions Cloud

Complete this assignment using an excel spreadsheet : Complete this assignment using an Excel spreadsheet, and date and explain each entry on your deliverable.
Professional golfers club strikes a ball : A professional golfers club strikes a ball on a T and lunch is the ball at an angle of 40°. Which one of the following statements concerning the acceleration of the ball is true, if the effects of air resistance are ignored? While the ball is in the ..
The payroll tax expense and the suta taxes payable : The Payroll Tax Expense and the SUTA Taxes payable.
Travels along a parabolic arc before it strikes the ground : A baseball is hit upward and travels along a parabolic arc before it strikes the ground. Which one of the following statements is necessarily true? The acceleration of the ball decreases as the ball moves upward.
What amount of fica taxes : What amount of FICA taxes
Condensation of the steam on the outside of the tube : In a steady-state process, steam at 70°C and 100 kPa condense on the outside of a horizontal metal tube. This condensation occurs because 2 kg/s cooling water flows during the tube, with the cooling water entering the tube at 15°C and 101.33 kPa and ..
What is the ratio of v output to v input : A 150-W transformer has an input voltage of 9.0 V and an output current of 5.0 A. What is the ratio of V output to V input? Is this a step-up or step-down transformer?
What is the velocity of the top and bottom of the tire : A car is traveling along a straight level road in the x direction at 100 km/hr. The diameter of the tire is 500mm, and it rolls on the ground without slipping. What is the velocity of the top of the tire in m/sec?
Which falling water should supply energy to the turbine : A generator at a dam can supply 375 MW (375 x 106 W) of electrical power. Suppose that the turbine and generator are 85% efficient. Discover the rate at which falling water should supply energy to the turbine.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Kitchen help inc khi is a manufacturer of toaster ovens to

kitchen help inc. khi is a manufacturer of toaster ovens. to improve control over operations the president of khi wants

  X company is considering investing in manufacturing

x company is considering investing in manufacturing equipment expected to cost 184000. the equipment has an estimated

  Prepare journal entry to record issuance of bond

Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009

  Poppycrock inc manufactures large crates of microwaveable

poppycrock inc. manufactures large crates of microwaveable popcorn that are typically sold to distributors. its main

  O january 3 2010 moss co acquires 100000 of adam companys

on january 3 2010 moss co. acquires 100000 of adam companys 10-year 10 bonds at a price of 106418 to yield 9. interest

  Danny and vicky are forming a partnership danny will invest

danny and vicky are forming a partnership. danny will invest a truck with a book value of 20000 and a fair value of

  Munch printing inc began printing operations on august 1

munch printing inc. began printing operations on august 1. jobs 10 and 11 were completed during the month and all costs

  Hanson company is constructing a building construction

hanson company is constructing a building. construction began on february 1 and was completed on december 31.

  In-process research and development

What is the appropriate accounting treatment for the value assigned to an in-process research and development acquired in a business combination?

  A firm operated at 80 of capacity for the past year during

a firm operated at 80 of capacity for the past year during which fixed costs were 210000 variable costs were 65 of

  X2 issued callable bonds on january 1 2012 the bonds pay

x2 issued callable bonds on january 1 2012. the bonds pay interest annually on december 31 each year. x2s accountant

  In the companys accounting system all fixed expenses of the

in the companys accounting system all fixed expenses of the company are fully allocated to products. further

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd