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Required information (The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2020, her taxable income is $43,200. What is
Required information (The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2020, her taxable income is $43,200. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations.) b. Her $43,200 of taxable income includes $2,200 of qualified dividends. Tax liability Alice is single and self-employed in 2020. Her net business profit on her Schedule C for the year is $150,000. What is her self-employment tax liability and additional Medicare tax liability for 2020? (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 Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020. During that time, he earned $92,000 of self-employment income. On April 1, 2020, 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 $192,000 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
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