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Eva received $74,000 in compensation payments from JAZZ Corp. during 2019. Eva incurred $16,500 in business expenses relating to her work for JAZZ Corp. JAZZ

Eva received $74,000 in compensation payments from JAZZ Corp. during 2019. Eva incurred $16,500 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 $12,200. Based on these facts answer the following questions:

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?

d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year?

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2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9.700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39.475 $ 84,200 $160,725 $14.382.50 plus 24% of the excess over $84.200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 S46.628.50 plus 35% of the excess over S204.100 $510,300 $153,798.50 plus 37% of the excess over $510.300

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