Question
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___
Regular tax Liability____?
Self employment tax liability_____?
Regular tax Liability_____-?
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