Question
14. Jim wants to make a contribution to an IRA, but he doesnt have the cash available to contribute yet. What is Jims deadline for
14. Jim wants to make a contribution to an IRA, but he doesnt have the cash available to contribute yet. What is Jims deadline for making a contribution to a traditional IRA or a Roth IRA for 2022?
a. December 31, 2022
b. April 18, 2022
c. April 18, 2023
d. October 15, 2023
15. A taxpayer would be required to pay FICA taxes for someone working in their home in which of the following situations?
a.A housekeeper who is paid $8,000 a year through a cleaning service
b.A cook who is paid $35,000 a year
c.A babysitter who earns $1,300 a year
d.A parent who earns $12,000 a year to take care of the grandchildren
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started