1) Kyle worked as a free-lance software engineer for the first three months of 2014. During that time, he earned $92,000 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 $192,000 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
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2) n 2014, Carson is claimed as a dependent on his parent's tax return. His parents' ordinary income marginal tax rate is 28 percent. Carson's parents provided most of his support. Use Tax Rate Schedule for reference.
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What is Carson's tax liability for the year in each of the following alternative circumstances?
a.Carson is 17 years old at year-end and earned $10,850 from his summer job and part-time job after school. This was his only source of income.
b.Carson is 23 years old at year-end. He is a full-time student and earned $10,850 from his summer internship and part-time job. He also received $5,300 of qualified dividend income.
Please help me solve this, Everytime I m getting different answer
Answers
Status NEW
Posted 11 Jul 2017 09:07 AM
My Price 6.00
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