question archive Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020

Subject:AccountingPrice:2.84 Bought6

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020. During that time, he earned $80,000 of self-employment income. On April 1, 2020, 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 $158,000 in salary. Assume CARES Act applies.

What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? (Round your intermediate calculations to the nearest whole dollar amount.)

 

Option 1

Low Cost Option
Download this past answer in few clicks

2.84 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 6 times

Completion Status 100%