Bus Acc 4-10-24 30
Bus Acc 4-10-24 30
Bus Acc 4-10-24 30
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Required information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $58,000 in compensation payments from JAZZ Corporation
during 2024. Eva incurred $10,000 in business
expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any
of these expenses. Eva is single
and deducts a standard deduction of $14,600. Based on these facts, answer the
following questions:
Use Tax Rate Schedule for reference.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and
final answers to the nearest
whole dollar amount.
Problem 8-68 Part a (Algo)
a. Assume that Eva is considered to be an employee. What amount of FICA taxes is
she required to pay for the year? !
Required information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $58,000 in compensation payments from JAZZ Corporation
during 2024. Eva incurred $10,000 in business
expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any
of these expenses. Eva is single
and deducts a standard deduction of $14,600. Based on these facts, answer the
following questions:
Use Tax Rate Schedule for reference.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and
final answers to the nearest
whole dollar amount.
Problem 8-68 Part b (Algo)
b. Assume that Eva is considered to be an employee. What is her regular income tax
liability for the year? Assessment Tool iFrame
Kequirea information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $58,000 in compensation payments from JAZZ Corporation
during 2024. Eva incurred $10,000 in business
expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any
of these expenses. Eva is single
and deducts a standard deduction of $14,600. Based on these facts, answer the
following questions:
Use Tax Rate Schedule for reference.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and
final answers to the nearest
whole dollar amount.
Problem 8-68 Part c (Algo)
c. Assume that Eva is considered to be a self-employed contractor. What are her self-
employment tax liability and additional Medicare
tax liability for the year? Required information
Problem 8-68 (LO 8-3) (Algo)
[The following information applies to the questions displayed below.]
Eva received $58,000 in compensation payments from JAZZ Corporation
during 2024. Eva incurred $10,000 in business
expenses relating to her work for JAZZ Corporation JAZZ did not reimburse Eva for any
of these expenses. Eva is single
and deducts a standard deduction of $14,600. Based on these facts, answer the
following questions:
Use Tax Rate Schedule for reference.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate and
final answers to the nearest
whole dollar amount.
Problem 8-68 Part d (Algo)
d. Assume that Eva is considered to be a self-employed contractor. What is her regular
tax liability for the year?