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Kyle worked as a free-lance software engineer for the first three months of 2016. During that time, he earned $94,000 of self-employment income. On April 1, 2016, 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 $188,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92724725

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