Question
Eva received $62,000 in compensation payments from JAZZ Corp. during 2020. Eva incurred $10,500 in business expenses relating to her work for JAZZ Corp. JAZZ
Eva received $62,000 in compensation payments from JAZZ Corp. during 2020. Eva incurred $10,500 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 $12,400.
Based on these facts, answer the following questions:
Use Tax Rate Schedule for reference.(Leave no answer blank. Enter zero if applicable.)
a. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? (Round your intermediate computations and final answer to the nearest whole dollar amount.)
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Taxation Of Individuals 2017
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
8th Edition
978-1259729027, 1259729028, 978-1259548666
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