question archive Eva received $55,000 in compensation payments from JAZZ Corp

Eva received $55,000 in compensation payments from JAZZ Corp

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Eva received $55,000 in compensation payments from JAZZ Corp. during 2020. Eva incurred $7,000 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 $12,400. Based on these facts, answer the following questions: Assume CARES Act applies.  Use Tax Rate Schedule for reference.  (Leave no answer blank. Enter zero if applicable.)

d)Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? (Round your intermediate computations and final answer to the nearest whole dollar amount.)

Regular Tax Liability ?

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