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Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months of 2019. During that time, he earned $54,000 of
Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months of 2019. During that time, he earned $54,000 of self-employment income. On April 1, 2019, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. From April through the end of the year, Kyle earned $200,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? (Round your intermediate calculations to the nearest whole dollar amount.) Self-employment/FICA tax Alice is single and self-employed in 2019. Her net business profit on her Schedule C for the year is $172,000. What is her self-employment tax liability and additional Medicare tax liability for 2019? (Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Self-employment tax liability Additional medicare tax liability Brooke, a single taxpayer, works for Company A for all of 2019, earning a salary of $75,000. a. What is her FICA tax obligation for the year? (Round your final answer to the nearest whole number.) FICA tax obligation b. Assume Brooke works for Company A for half of 2019, earning $75,000 in salary, and she works for Company B for the second half of 2019, earning $115,000 in salary. What is Brooke's FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.) FICA tax obligation
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