FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please do not give solution in image format ? And Fast Answering Please And Explain Proper Step by Step.

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $92,000 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 $192,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? Round to nearest whole dollar
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Transcribed Image Text:Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned $92,000 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 $192,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year? Round to nearest whole dollar
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