Examlex

Solved

Lexa, a Single Taxpayer, Worked as an Employee During the First

question 71

Essay

Lexa, a single taxpayer, worked as an employee during the first half of the year, earning $65,000 of salary.Lexa's employer withheld $4,030 of Social Security tax, $943 of Medicare tax, and $0 of additional Medicare tax.In the second half of the year, she was self-employed and she reported $180,000 of self-employment income on her Schedule C.What amount of self-employment taxes and additional Medicare tax is Lexa required to pay on her self-employment income (each component rounded to the nearest dollar)?


Definitions:

Impression Management

The process by which individuals attempt to control the impressions others form of them, especially in social or professional contexts.

Mislead

To provide false or misleading information that causes someone to form an incorrect conclusion or understanding.

Relationship History

The past and present interpersonal relationships an individual has experienced, which can influence their future relationships.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Related Questions