In: Accounting
Kyle, a single taxpayer, worked as a free-lance software
engineer for the first three months of 2018. During that time, he
earned $62,000 of self-employment income. On April 1, 2018, 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 $172,000 in salary.
What amount of FICA taxes (self-employment and employment related)
does Kyle owe for the year?