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 your intermediate calculations to the nearest whole dollar amount.) Self-employment/FICA tax

Ali and Alex Arnaud are married with no dependent children. Ali worked for Smart Tech Corporation January through March and for Computer Associates the remainder of the year. Alex completed a degree in November and immediately began as an associate with Smith and Weber. They report the following information for 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Ali’s salary from Smart Tech $ 32,000 Ali’s salary from Computer Associates 142,000 Alex's salary from Smith and Weber 15,550 Interest from savings account 700 Itemized deductions 9,000 Dividends eligible for 15% rate 2,200 Required: Compute AGI. = 192, 450 Compute taxable income. = 166550 Compute net tax liability (after credits).

Rachel is a part-time sales associate for Bob Ridings Chevrolet. She works on commission. On December 25, 2022, Rachel received $15,500 of income from commissions, plus an advance of $1,500 on future commissions. She also received a $1,350 check for expense reimbursements from her employer after turning in her receipts as part of her employer’s tuition reimbursement plan. How much taxable income should Rachel report on her 2022 return?

Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2021, Betty had the following income and expenses. You may assume that Betty will owe $2,624 in self-employment tax on her salon income, with $1,312 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016.   Interest income $ 14,975 Salon sales and revenue 88,760 Salaries paid to beauticians 46,550 Beauty salon supplies 23,640 Alimony paid to her ex-husband, Rocky 7,200 Rental revenue from apartment building 35,540 Depreciation on apartment building 14,100 Real estate taxes paid on apartment building 12,060 Real estate taxes paid on personal residence 6,937 Contributions to charity 5,029     a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.)