Samantha has graduated from a law school and decided to open her own professional practice. In the current year (2022), her net profit was $30,000. If Samantha's self-employment tax is $4,500 and marginal income tax rate is 22%, determine the percentage of the federal tax burden on Samantha's business income that is represented by the self- employment tax. (Round your final answer to zero decimal place) E) 42% F) 15% G) 45% H) 22%

Kole earns $170,000 in 2023 in his job as a sales manager. What is his FICA tax? (Employee portion of Social Security and Medicare Tax) O $10,063 $12.255 O $13,005 O $12,397

Erica has the following: Salary = $30,000; RPP contribution = $2,000; mortgage interest = $1,000; Union dues = $800; Basic Personal Amount = $11,635. Her federal income tax rate = 15%. What amount of federal income tax does Erica owe? A) $2,335 B) $4,200 C) $2,259 D) $2,829

Darius' net income from self-employment reported on Schedule C is $25,000.  Calculate his self-employment tax. Group of answer choices $1,766 $23,088 $3,825 $3,532

Toby and Nancy are engaged and plan to get married. During 2023, Toby is a full-time student and earns $7,600 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Nancy is employed and has wages of $59,400. Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to the nearest whole dollar. a. Compute the following: Gross income and AGI Standard deduction (single) Taxable income Income tax Gross income and AGI Toby Filing Single b. Assume that Toby and Nancy get married in 2023 and file a joint return. What is their taxable income and income tax? Round your final answer to the nearest whole dollar. Standard deduction (married, filing jointly) Taxable income Income tax Nancy Filing Single Married Filing Jointly c. How much income tax can Toby and Nancy save if…

PROBLEM: Jose Diaz has a federal tax levy of $4,119.90 against him. If Diaz is single with three personal exemptions and had a take home pay of $1020.00 this week, how much would his employer take from his pay to satisfy part of the tax levy? Federal tax  levy amount _________

Mary Matthews made $1,150 during a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 from each biweekly pay to her company's 401k. Determine Matthews' take home pay if she is married filing jointly. (Use wage bracket method) Round your answer to two decimal places.    please use 2022 tax rate tables

In 2022, Miranda records net earnings from self-employment of $171,000. She has no other income. Determine the amount of Miranda's self-employment tax and her AGI income tax deduction. In your computations, for the tax liability, round interim amounts to two decimal places and the final answer to the nearest whole dollar. For the AGI deduction, if necessary, use amounts that have been rounded to the nearest dollar. Miranda's self-employment tax is s and she has a deduction for AGI.

M

Chris and Heather are engaged and plan to get married. During 2023, Chris is a full-time student and earns $7,600 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and has wages of $79,200. Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to the nearest whole dollar.a.  Compute the following:     ChrisFiling Single   HeatherFiling Single Gross income and AGI $fill in the blank 488588fb1f91034_1   $fill in the blank 488588fb1f91034_2 Standard deduction (single) fill in the blank 488588fb1f91034_3   fill in the blank 488588fb1f91034_4 Taxable income $fill in the blank 488588fb1f91034_5   $fill in the blank 488588fb1f91034_6 Income tax $fill in the blank 488588fb1f91034_7   $fill in the blank 488588fb1f91034_8…