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2014 Tax shedule: Eva received $60,000 in compensation payments from JAZZ Corp. during 2014. Eva incurred $5,000 in business expenses relating to her work for

2014 Tax shedule:

Eva received $60,000 in compensation payments from JAZZ Corp. during 2014. Eva incurred $5,000 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 $6,200 and a personal exemption of $3,950. Based on these facts answer the following questions: Use Tax rate schedule.

a

Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?

Amount of FICA Taxes___

b.

Assume that Eva is considered to be an employee. What is her regular income tax liability for the year? (Round your answer to 2 decimal places.)

Regular tax Liability____?

c.

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

Self employment tax liability_____?

d.

Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? (Round your answer to 2 decimal places.)

Regular tax Liability_____-?

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