Question
Kyle worked as a free-lance software engineer for the first three months of 2014.During that time, he earned $76,000 of self-employment income.On April 1, 2014,
Kyle worked as a free-lance software engineer for the first three months of 2014.During that time, he earned $76,000 of self-employment income.On April 1, 2014, 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 $196,000 in salary.
What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?(Round your intermediate and final answer to the nearest dollar amount.)
self employment/ FICA Tax _____?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
