Question
Eva received $53,000 in compensation payments from JAZZ Corp. during 2019. Eva incurred $6,000 in business expenses relating to her work for JAZZ Corp. JAZZ
Eva received $53,000 in compensation payments from JAZZ Corp. during 2019. Eva incurred $6,000 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 $12,200. Based on these facts answer the following questions: Use Tax Rate Schedule for reference.
c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year? (Round your intermediate computations & final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)
Self-employment tax liability ?
Additional medicare tax liability . ?
d.Assume that Eva is considered to be aself-employed contractor.What is her regular tax liability for the year?
regular tax liability . ?
?Please show all work for calculations
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