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JOHN, A STATUTORY EMPLOYEE HAS W2 INCOME OF 100,000 AND EXPENSES THAT TOTAL 40,000. HE ALSO HAS 7650 WITHHELD FOR SOCIAL SECURITY AND MEDICARE TAXES.

JOHN, A STATUTORY EMPLOYEE HAS W2 INCOME OF 100,000 AND EXPENSES THAT TOTAL 40,000. HE ALSO HAS 7650 WITHHELD FOR SOCIAL SECURITY AND MEDICARE TAXES. WHAT AMOUNT DOES HE PUT ON LINE 12 , FORM 1040

54350

60000

100000

0

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