a. Assume that Eva is concidered to be an employee. What amount of FICA taxes is she required to pay for the year? b. What is her regular income tax liability for the year? c. Assume that Eva is concidered self-employed contractor. What is her self-employment tax liability and additional medicare tax liability for the year?
a. Assume that Eva is concidered to be an employee. What amount of FICA taxes is she required to pay for the year? b. What is her regular income tax liability for the year? c. Assume that Eva is concidered self-employed contractor. What is her self-employment tax liability and additional medicare tax liability for the year?
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 67IIP
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a. Assume that Eva is concidered to be an employee. What amount of FICA taxes is she required to pay for the year?
b. What is her regular income tax liability for the year?
c. Assume that Eva is concidered self-employed contractor. What is her self-employment tax liability and additional medicare tax liability for the year?
d. Assume Eva is concidered to be self employed contractor. What is her regular tax liability for the year?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT