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

question 26

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?

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Definitions:

Package

A namespace that organizes a set of related classes and interfaces in Java.

Class JFrame

A class in the Java Swing library used for creating a window where components like buttons and text fields can be added.

SetSize

A method typically used in graphical user interface programming to specify the dimensions of a component, like a window or a button.

Method

A block of code defined within a class that performs a specific task and can be executed when called upon.