Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aliza Grajek is a self-employed nurse with 2020 salary income of $ 78 comma 000.00 and taxable annual income (federal and state) of $ 55

Aliza Grajek is a self-employed nurse with

2020

salary income of

$ 78 comma 000.00

and taxable annual income (federal and state) of

$ 55 comma 000.00

after adjustments and deductions. Calculate her total

2020

income tax liability, including federal and FICA taxes.

Question content area bottom

Part 1

According to the IRS tax table, Aliza's federal and state income tax liability for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.) Click the following link for the tax rates and brackets table:

LOADING...

.

Part 2

Aliza's Social Security and Medicare tax liability for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 3

Aliza's total tax liability for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Primary Care Demonstrating Quality And Outcomes

Authors: Ruth Chambers, Gill Wakley

1st Edition

1857757092, 978-1857757095

More Books

Students also viewed these Accounting questions