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

question 104

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? (Round intermediate calculations and final answer to the nearest dollar.)

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Definitions:

Sensation-Seeking

The trait of pursuing thrilling and exciting experiences, possibly involving physical, social, or financial risk.

Antisocial Behaviors

Actions that violate societal norms and laws, displaying a lack of consideration for others and potentially causing damage to society or relationships.

Antagonist Drugs

Drugs that block or change the effects of an addictive drug, reducing desire for the drug.

Substance Dependence

A condition characterized by the compulsive use of a substance despite harmful consequences, often associated with tolerance and withdrawal symptoms.