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Required information [The following information applies to the questions displayed below] Eva received $78,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $13,500
Required information [The following information applies to the questions displayed below] Eva received $78,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $13,500 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.) b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year? Regular tax hability Help Save & Calt Submit Check my work Required information Saved Help Save & Exit Submit [The following information applies to the questions displayed below) Eva received $78,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $13,500 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.) c. 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? Self-employment tax liability Additional medicare tax liability Check my work Required information [The following information applies to the questions displayed below.] Eva received $78,000 in compensation payments from JAZZ Corporation during 2021. Eva incurred $13,500 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.) d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? Regular tax liability Help Save & Exit Submit Check my work Individuals Schedule X-Single If taxable income is over: But not over: S 0 $ 9.950 $ 9,950 $ 40,525 S 86,375 $ 40,525 $ 86,375 $164,925 $209,425 $ 523,600 $164,925 $209,425 $ 523,600 The tax is: 10% of taxable income $995 plus 12% of the excess over $9,950 $4,664 plus 22% of the excess over $40,525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47.843 plus 35% of the excess over $209,425 $157,804.25 plus 37% of the excess over $523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 19,900 $ 19.900 $ 81,050 $172,750 $329,850 $ 81,050 $172,750 $329,850 $418,850 $418,850 $628,300 $628,300 The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $9,328 plus 22% of the excess over $81,050 $29,502 plus 24% of the excess over $172,750 $67,206 plus 32% of the excess over $329,850) $95,686 plus 35% of the excess over $418,850 $168,993.50 plus 37% of the excess over $628,300)
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