Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $82,000 of self-employment income. On April 1, 2021, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Incorporated From April through the end of the year, Kyle earned $182,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $82,000 of self-employment income. On April 1, 2021, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Incorporated From April through the end of the year, Kyle earned $182,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 39P

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