Question
Eva received $79,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $14,000 in business expenses relating to her work for JAZZ Corporation JAZZ
Eva received $79,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $14,000 in business expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any of these expenses. Eva is single and deducts a standard deduction of $12,550. Based on these facts, answer the following questions: Use Tax Rate Schedule for reference.(Leave no answer blank. Enter zero if applicable. Round your intermediate and final answers to the nearest whole dollar amount.) Problem 8-68 Part a (Algo) a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? B. Assume that Eva is considered to be a self-employed contractor. What are her self-employment tax liability and additional Medicare tax liability for the year?
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