User Account

All Pages

What amount of fica taxes does kyle owe for the year

Assignment Help Accounting Basics
Reference no: EM133104720

Question - Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $80,000 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 $158,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

Reference no: EM133104720

Questions Cloud

What is the present value : Ambrin Corp. expects to receive $6,000 per year for 14 years and $7,500 per year for the next 14 years. What is the present value of this 28 year cash flow
Compute the roi for the pennsylvania facility : Proctor Corporation has multiple facilities across the United States. Compute the ROI for Pennsylvania facility using total assets and assets net depreciation
Evaluate the change in the cost of energy : The number of equivalent units produced in June and July was 42,500 pounds and 39,500 pounds, respectively. Evaluate the change in the cost of energy
What is the operating cash flow for your corporation : Question - During 2020 your corporation has net sales of $9,625, cost of goods sold of $5,225, What is the operating cash flow for your corporation
What amount of fica taxes does kyle owe for the year : During that time, he earned $80,000 of self-employment income. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year
How much return will his investment earn : Mr. Nailor invests $10,000 in a money market account at his local bank. How much return will his investment earn during this time period
Determine your monthly mortgage payment : You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. Determine your monthly mortgage payment
Calculate the annual compound growth rate : Calculate the annual compound growth rate of the house price from the time the house was sold to Mark and Ann Kington in 2000, until the house was sold
Prepare a tax return for an entity : Prepare a tax return for an entity and Calculate taxes for an individual, a trust and a company - Advise both Cynthia and Andreas on the CGT consequences

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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