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Mariulka [41]
3 years ago
12

Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months of 2017. During that time, he earne

d $44,000 of self-employment income. On April 1, 2017, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. From April through the end of the year, Kyle earned $178,000 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.)
Business
1 answer:
mr Goodwill [35]3 years ago
7 0

Answer:

The Amount of FICA Taxes (Self-Employment and Employment Related) does Kyle Owe for the Year 201 is $11,915.

Explanation:

Calculation of the Amount of FICA Taxes (Self-Employment and Employment Related) does Kyle Owe for the Year 2017 are displayed in the document attached.

Download xlsx
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Expansionary monetary policy shifts AD to the right.

<h3>What is Expansionary monetary policy?</h3>
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Therefore, expansionary monetary policy shifts AD to the right.

Know more about Expansionary monetary policy here:

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Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?a. Hiring former em
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Answer:

a. Hiring former employees from other companies and assessing their knowledge.

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"Benchmarking" is<em> a process conducted by a company when it wants to compare its performance with other competitors.</em> In order to do this, the company needs to look into <em>specific metrics</em> and<em> </em>approaches in order to analyze their company's operation and how well it does compared to others.

Hiring former employees from other companies and assessing their knowledge is not a typical/common strategy in order to obtain benchmarking data. Not many companies would like to rehire and if they ever do, it will be hard to use the benchmarking data since the former employee's company might be totally different from yours. Remember that competitive benchmarking is only done when you want to compare with your<u> competitors in the same field of business.</u>

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