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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 57
Kyle worked as a free-lance software engineer for the first three months of 2011.During that time, he earned $44,000 of self-employment income.On April 1, 2011 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 $78,000 in salary.What amount of self-employment/FICA tax does Kyle owe for the year?
Explanation
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Federal income tax
Federal income tax d...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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