Kyle, a single taxpayer, worked as a free-lance software engineer for the first

Question

Kyle, a single taxpayer, worked as a free-lance software engineer for the first three mont $74,000 of self-employment income. On s of 2017. During that time, he earned April 1, 2017, 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 $168,000 in salary taxes (self-employment and employment related) does Kyle owe for the year? (Round your intermediate calculations to the nearest whole dollar amount.) n/FICA tax

Explanation / Answer

on $ 168,000 Amount of FICA taxes and on $ 74,000 Self Employment tax is kyle owe for the year. because Self Employed Tax can not be deducted by the Employer it was paid as an when the final income caluculated for the year where as as employer he withhold the FICA tax on the salary paid by him.

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