Business, 13.03.2020 22:07 KillerSteamcar

Eva received $60,000 in compensation payments from JAZZ Corp. during 2014. Eva incurred $5,000 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $6,200 and a personal exemption of $3,950. Based on these facts answer the following questions

a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year? (Round your answer to 2 decimal places.)
c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability for the year? (Round your intermediate and final answer 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? (Round your answer t

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:40

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Answers: 3

Answer

Business, 22.06.2019 19:00

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4

Answers: 1

Answer

Business, 23.06.2019 00:00

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

Answers: 1

Answer

Business, 23.06.2019 02:00

How much more output does the $18 trillion u.s. economy produce when gdp increases by 3.0 percen?

Answers: 1

Answer

You know the right answer?

Eva received $60,000 in compensation payments from JAZZ Corp. during 2014. Eva incurred $5,000 in bu...

Questions