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Aliza Grajek is a self-employed nurse with a 2017 gross income of $66,000 and taxable annual income (federal and state) of $55,000 after adjustments, exemptions,
Aliza Grajek is a self-employed nurse with a 2017 gross income of $66,000 and taxable annual income (federal and state) of $55,000 after adjustments, exemptions, and deductions. Calculate her total 2017 income tax liability, including federal and FICA taxes.
Aliza Grajek is a self-employed nurse with a 2017 gross income of $66,000 and taxable annual income (federal and state) of $55,000 after adjustments, exemptions, and deductions. Calculate her total 2017 income tax liability, including federal and FICA taxes. According to the IRS tax table, Aliza's federal income tax liability for the 2017 tax year is $ 9,488.75. (Round to the nearest cent.) Click the following link for the tax rates and brackets table. A Assume the amount of taxable income for Social Security and Medicare (FICA) purposes is equal to the gross income of $66,000. Aliza's Social Security tax liability for the 2017 tax year is $ . (Round to the nearest cent.) Aliza's Medicare tax liability for the 2017 tax year is $ . (Round to the nearest cent.) Aliza's total tax liability for the 2017 tax year is $ . (Round to the nearest cent.)Step by Step Solution
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